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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Components of Lease Costs

The components of the lease costs for the years ended December 31, 2022 and 2021 (in thousands):

 

 

 

Year ended December 31,

 

 

 

2022

 

 

2021

 

Operating lease costs

 

$

2,095

 

 

$

2,095

 

Financing lease costs:

 

 

 

 

 

 

Amortization of right-to-use assets, financing
   leases

 

 

1,184

 

 

 

906

 

Interest expense for financing lease liabilities

 

 

179

 

 

 

158

 

Variable lease costs

 

 

1,192

 

 

 

1,015

 

Total lease costs

 

$

4,650

 

 

$

4,174

 

Supplemental Cash Flow Information Relating to Leases

Supplemental cash flow information relating to the Company’s leases for the years ended December 31, 2022 and 2021 were as follows (in thousands):

 

 

 

Year ended December 31,

 

 

 

2022

 

 

2021

 

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

 

 

 

 

 

 

Operating cash flows used in operating leases

 

$

2,581

 

 

$

2,691

 

Operating cash flows used in finance leases

 

$

1,130

 

 

$

933

 

Financing cash flows used in finance leases

 

$

179

 

 

$

158

 

Summary of Weighted Average Remaining Lease Terms and Discount Rates

Weighted average remaining lease terms and discount rates as of December 31, 2022 and 2021 were as follows:

 

 

 

Year ended December 31,

 

 

 

2022

 

 

2021

 

Remaining lease term:

 

 

 

 

 

 

Operating lease

 

7.3 years

 

 

8.3 years

 

Financing lease

 

2.5 Years

 

 

2.4 Years

 

Discount Rate:

 

 

 

 

 

 

Operating lease

 

 

10.5

%

 

 

10.5

%

Financing lease

 

 

8.5

%

 

 

8.8

%

Summary of Undiscounted Future Lease Payments for Operating and Finance Leases

The undiscounted future lease payments for operating and finance leases as of December 31, 2022, were as follows (in thousands):

 

Fiscal Year

 

Operating
Leases

 

 

Financing
Leases

 

2023

 

$

2,659

 

 

$

1,463

 

2024

 

 

2,732

 

 

 

839

 

2025

 

 

2,814

 

 

 

402

 

2026

 

 

2,898

 

 

 

133

 

2027

 

 

2,985

 

 

 

99

 

Thereafter

 

 

7,041

 

 

 

 

Total minimum lease payments

 

 

21,129

 

 

 

2,936

 

Less amounts representing interest or imputed interest

 

 

(6,448

)

 

 

(282

)

Present value of lease liabilities

 

$

14,681

 

 

$

2,654

 

 

 

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