XML 68 R32.htm IDEA: XBRL DOCUMENT v3.22.4
Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Summary of Lease Costs

The following tables contains a summary of the lease costs recognized under ASC 842 and other information pertaining to the Company’s operating leases for the years ended December 31, 2022 and 2021:

 

 

December 31,

 

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Operating Leases

 

 

 

 

 

 

Lease Cost

 

 

 

 

 

 

Operating lease cost

 

$

2,456

 

 

$

2,101

 

Short-term lease cost

 

 

33

 

 

 

25

 

Variable lease cost

 

 

278

 

 

 

163

 

Total lease cost

 

$

2,767

 

 

$

2,289

 

 

Summary of Other Operating Lease Information

 

 

December 31,

 

 

 

2022

 

 

2021

 

 

 

(in thousands, except as specified otherwise)

 

Other Operating Lease Information

 

 

 

 

 

 

Operating cash flows for operating leases

 

$

1,948

 

 

$

1,240

 

Right-of-use assets obtained in exchange for lease obligations

 

$

86

 

 

$

4,690

 

Weighted-average remaining lease term (in years)

 

 

2.43

 

 

 

3.35

 

Weighted-average discount rate

 

 

4.0

%

 

 

4.0

%

Summary of Future Minimum Lease Payments under Operating Leases

Future minimum lease payments under the Company’s operating leases as of December 31, 2022 were as follows:

 

 

December 31,
2022

 

 

 

(in thousands)

 

Maturity of Lease Liabilities

 

 

 

2023

 

$

2,342

 

2024

 

 

2,395

 

2025

 

 

957

 

Total lease payments

 

$

5,694

 

Less: interest

 

 

(266

)

Total lease liabilities

 

$

5,428