Leases (Tables)

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Schedule of Impact of Adoption of ASU 2016-02

Upon transition, on January 1, 2021, we recorded the following increases (decreases) to the respective line items on the Consolidated Balance Sheet:

(in thousands)	Adjustment as of January 1, 2021
Operating lease ROU asset	$	28,044
Property, equipment and capitalized software, net	(63)
Short-term operating lease liabilities	5,118
Other current liabilities	(1,231)
Long-term operating lease liabilities	24,156
Accumulated deficit	(17)
Non-controlling interests	(46)

Components of Lease Expense, Supplemental Cash Flow Information and Weighted Average Remaining Lease Term and Discount Rate

Components of lease expense are as follows, all recorded within operating expenses in the Condensed Consolidated Statement of Operations:

	Three months ended Jun. 30,				Six months ended Jun. 30,
(in thousands)	2022		2021		2022		2021
Finance lease cost (1)	$	41	$	84	$	102	$	169
Operating lease cost	2,055		1,707		4,002		3,503
Short-term lease cost (2)	170		118		253		237
Variable lease cost (3)	93		34		137		77
Sublease income	(274)		—		(549)		—
Total net lease expense	$	2,085	$	1,943	$	3,945	$	3,986

(1)Primarily consists of amortization of finance lease right-of-use assets and an immaterial amount of interest on finance lease liabilities recorded in operating expenses and interest expense in the condensed consolidated statements of operations.

(2)Includes costs related to leases, which at the commencement date, have a lease term of 12 months or less.

(3)Includes costs made by the Company for the right to use an underlying asset that vary because of changes in facts or circumstances occurring after the commencement date, other than the passage of time.

Supplemental cash flow information related to leases are as follows:

	Three months ended Jun. 30,				Six months ended Jun. 30,
(in thousands)	2022		2021		2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	2,054	$	1,630	$	3,886	$	3,248
Operating cash flows from finance leases	$	1	$	5	$	2	$	11
Financing cash flows from finance leases	$	41	$	78	$	103	$	154
Operating lease assets obtained in exchange for new lease obligations (1)	$	26,405	$	—	$	26,405	$	—
Reduction in operating lease ROU assets and lease liabilities due to reassessment of lease terms	$	4,155	$	—	$	4,155	$	—

(1)On May 12, 2020, the Company entered into a lease agreement with Wilson Tech 5, LLC, for a proposed site in Lindon, Utah, which commenced on June 8, 2022.

The weighted average remaining lease term and discount rate are as follows:

	Jun. 30,
(in thousands)	2022		2021
Weighted average remaining lease term (in years):
Operating leases	7.5 years		4.7 years
Finance leases	0.0 years		0.9 years
Weighted average discount rate:
Operating leases	8.0	%	6.1	%
Finance leases	—	%	6.5	%

Schedule of Future Minimum Payments for Finance Leases

As of June 30, 2022, future minimum lease payments for operating leases consisted of the following:

(in thousands)	Operating Leases
Remainder of 2022	$	6,698
2023	12,383
2024	7,787
2025	6,464
2026	5,289
Thereafter	31,145
Total lease payments	$	69,766
Less: Imputed interest	(18,820)
Present value of lease liabilities	$	50,946

Schedule of Future Minimum Payments for Operating Leases

As of June 30, 2022, future minimum lease payments for operating leases consisted of the following:

(in thousands)	Operating Leases
Remainder of 2022	$	6,698
2023	12,383
2024	7,787
2025	6,464
2026	5,289
Thereafter	31,145
Total lease payments	$	69,766
Less: Imputed interest	(18,820)
Present value of lease liabilities	$	50,946