Leases, Commitments, and Contingencies (Tables)

12 Months Ended

Dec. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Components of lease costs

Components of the Company’s operating lease expense are as follows (in thousands):

	Year Ended December 31, 2021
Operating lease cost	$	2,785
Short-term lease cost	—
Variable lease cost	187
Total lease costs included in other operating expenses	$	2,972

The weighted average remaining operating lease term and weighted average discount rate used in the calculation of the Company’s lease assets and lease liabilities were as follows (in thousands):

	Year Ended December 31, 2021
Weighted average remaining operating lease term (in years)	7.6
Weighted average discount rate	5.1%

Cash paid for amounts included in the measurement of lease liabilities were as follows (in thousands):

	Year Ended December 31, 2021
Operating cash flows from operating leases	$	3,257
Right-of-use assets obtained in exchange for new lease liabilities	$	—

Maturing of operating lease liabilities

Maturities of operating lease liabilities as of December 31, 2021 is as follows (in thousands):

As of December 31,	Leases
2022	$	2,181
2023	2,373
2024	2,500
2025	1,849
2026	2,027
Thereafter	7,969
Total lease payments	$	18,899
Less: imputed interest	495
Total lease liability	$	18,404

Schedule of future minimum lease payments

The following table summarized the future minimum lease payments due under operating leases as of December 31, 2020 and reflect the application of the prior year lease standard (ASC 840, Leases). These amounts were disclosed in the Company’s prior year audited financial statements for the year ended December 31, 2020 (in thousands):

Year Ended December 31,	Purchase Obligations		Leases		Total
2021	$	3,949	$	3,276	$	7,225
2022	—		3,093		3,093
2023	—		3,181		3,181
2024	—		3,190		3,190
2025	—		2,433		2,433
Thereafter	—		11,186		11,186
Total minimum lease payments	$	3,949	$	26,359	$	30,308