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Leases (Tables)
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Components of Lease Costs

The components of the lease costs for the three and six months ended June 30, 2022 and 2021, were as follows (in thousands):

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Operating lease costs

 

$

524

 

 

$

524

 

 

$

1,047

 

 

$

1,047

 

Finance lease costs:

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of right-to-use assets, finance leases

 

 

279

 

 

 

193

 

 

 

558

 

 

 

371

 

Interest expense for finance lease liabilities

 

 

40

 

 

 

21

 

 

 

86

 

 

 

37

 

Variable lease costs

 

 

244

 

 

 

153

 

 

 

573

 

 

 

385

 

Total lease costs

 

$

1,087

 

 

$

891

 

 

$

2,264

 

 

$

1,840

 

Supplemental Cash Flow Information Relating to Leases

Supplemental cash flow information relating to the Company’s leases for the six months ended June 30, 2022 and 2021, were as follows (in thousands):

 

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2021

 

Cash paid for amounts included in the measurement
   of lease liabilities:

 

 

 

 

 

 

Operating cash flows used in operating leases

 

$

1,281

 

 

$

1,428

 

Operating cash flows used in finance leases

 

$

489

 

 

$

350

 

Financing cash flows used in finance leases

 

$

86

 

 

$

37

 

Summary of Weighted Average Remaining Lease Terms and Discount Rates

Weighted average remaining lease terms and discount rates as of June 30, 2022 and 2021 were as follows:

 

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2021

 

Remaining lease term:

 

 

 

 

 

 

Operating lease

 

7.84 years

 

 

8.84 years

 

Finance lease

 

1.79 years

 

 

2.68 years

 

Discount Rate:

 

 

 

 

 

 

Operating lease

 

 

10.50

%

 

 

10.50

%

Finance lease

 

 

8.74

%

 

 

8.51

%

Summary of Undiscounted Future Lease Payments for Operating and Finance Leases

The undiscounted future lease payments for operating and finance leases as of June 30, 2022, were as follows (in thousands):

 

Fiscal Year

 

Operating
Leases

 

 

Finance
Leases

 

2022 (excluding the first and second quarters)

 

$

1,300

 

 

$

628

 

2023

 

 

2,659

 

 

 

1,097

 

2024

 

 

2,732

 

 

 

473

 

2025

 

 

2,814

 

 

 

64

 

2026

 

 

2,898

 

 

 

 

Thereafter

 

 

10,027

 

 

 

 

Total minimum lease payments

 

 

22,430

 

 

 

2,262

 

Less amounts representing interest or imputed interest

 

 

(7,224

)

 

 

(177

)

Present value of lease liabilities

 

$

15,206

 

 

$

2,085

 

 

Excluded from the table above are all future payments related to the 2021 Lease.