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Leases
 3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Leases Leases
As a Lessor
The net investment in leases were as follows (in thousands):
March 31, 2022December 31, 2021
Net investment in leases, current$411 $411 
Net investment in leases, non-current5,129 5,179 
Total net investment in leases$5,540 $5,590 
Interest income from accretion of net investment in lease was not material in the three months ended March 31, 2022 or 2021.
Future minimum payments receivable from operating and sales-type leases as of March 31, 2022 for each of the next five years were as follows:
Operating leasesSales-type leases
Remainder of 2022$594 $296 
2023384 469 
2024— 548 
2025— 828 
2026— 828 
Thereafter
— 3,061 
Total minimum lease payments
$978 $6,030 
As a Lessee
The Company leases its office and manufacturing facilities in Burlingame, California, Greenville and Greer, South Carolina, City of Industry, California, and Rochester Hills, Michigan under operating lease agreements with various expiration dates from 2022 through 2033.
The Company had no material capital leases as of March 31, 2022.
Maturities of operating lease liabilities as of March 31, 2022 were as follows (in thousands):
Remainder of 2022$4,049 
20234,803 
20243,739 
20253,153 
20262,615 
Thereafter
12,096 
Total undiscounted lease payment30,455 
Less: imputed interest(6,566)
Total operating lease liabilities$23,889 
Operating lease expense was $1.5 million and $1.0 million for the three months ended March 31, 2022 and 2021, respectively.
Short-term and variable lease expenses for the three months ended March 31, 2022 and 2021 were not material.
Supplemental cash flow information related to leases were as follows (in thousands):
Three Months Ended March 31,
20222021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases
$(1,377)$(1,012)
Operating lease right-of-use assets and liabilities consisted of the following (in thousands):
March 31, 2022December 31, 2021
Operating leases
Operating lease right-of-use assets
$23,120 $24,282 
Operating lease liabilities, current
3,832 4,084 
Operating lease liabilities, non-current
20,057 20,963 
Total operating lease liabilities
$23,889 $25,047 
The weighted average remaining lease term and discount rate of operating leases were 7.6 years and 5.8%, respectively, as of March 31, 2022 and December 31, 2021.
As of March 31, 2022, the Company had no significant additional operating leases and finance leases that have not yet commenced.
Leases Leases
As a Lessor
The net investment in leases were as follows (in thousands):
March 31, 2022December 31, 2021
Net investment in leases, current$411 $411 
Net investment in leases, non-current5,129 5,179 
Total net investment in leases$5,540 $5,590 
Interest income from accretion of net investment in lease was not material in the three months ended March 31, 2022 or 2021.
Future minimum payments receivable from operating and sales-type leases as of March 31, 2022 for each of the next five years were as follows:
Operating leasesSales-type leases
Remainder of 2022$594 $296 
2023384 469 
2024— 548 
2025— 828 
2026— 828 
Thereafter
— 3,061 
Total minimum lease payments
$978 $6,030 
As a Lessee
The Company leases its office and manufacturing facilities in Burlingame, California, Greenville and Greer, South Carolina, City of Industry, California, and Rochester Hills, Michigan under operating lease agreements with various expiration dates from 2022 through 2033.
The Company had no material capital leases as of March 31, 2022.
Maturities of operating lease liabilities as of March 31, 2022 were as follows (in thousands):
Remainder of 2022$4,049 
20234,803 
20243,739 
20253,153 
20262,615 
Thereafter
12,096 
Total undiscounted lease payment30,455 
Less: imputed interest(6,566)
Total operating lease liabilities$23,889 
Operating lease expense was $1.5 million and $1.0 million for the three months ended March 31, 2022 and 2021, respectively.
Short-term and variable lease expenses for the three months ended March 31, 2022 and 2021 were not material.
Supplemental cash flow information related to leases were as follows (in thousands):
Three Months Ended March 31,
20222021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases
$(1,377)$(1,012)
Operating lease right-of-use assets and liabilities consisted of the following (in thousands):
March 31, 2022December 31, 2021
Operating leases
Operating lease right-of-use assets
$23,120 $24,282 
Operating lease liabilities, current
3,832 4,084 
Operating lease liabilities, non-current
20,057 20,963 
Total operating lease liabilities
$23,889 $25,047 
The weighted average remaining lease term and discount rate of operating leases were 7.6 years and 5.8%, respectively, as of March 31, 2022 and December 31, 2021.
As of March 31, 2022, the Company had no significant additional operating leases and finance leases that have not yet commenced.
Leases Leases
As a Lessor
The net investment in leases were as follows (in thousands):
March 31, 2022December 31, 2021
Net investment in leases, current$411 $411 
Net investment in leases, non-current5,129 5,179 
Total net investment in leases$5,540 $5,590 
Interest income from accretion of net investment in lease was not material in the three months ended March 31, 2022 or 2021.
Future minimum payments receivable from operating and sales-type leases as of March 31, 2022 for each of the next five years were as follows:
Operating leasesSales-type leases
Remainder of 2022$594 $296 
2023384 469 
2024— 548 
2025— 828 
2026— 828 
Thereafter
— 3,061 
Total minimum lease payments
$978 $6,030 
As a Lessee
The Company leases its office and manufacturing facilities in Burlingame, California, Greenville and Greer, South Carolina, City of Industry, California, and Rochester Hills, Michigan under operating lease agreements with various expiration dates from 2022 through 2033.
The Company had no material capital leases as of March 31, 2022.
Maturities of operating lease liabilities as of March 31, 2022 were as follows (in thousands):
Remainder of 2022$4,049 
20234,803 
20243,739 
20253,153 
20262,615 
Thereafter
12,096 
Total undiscounted lease payment30,455 
Less: imputed interest(6,566)
Total operating lease liabilities$23,889 
Operating lease expense was $1.5 million and $1.0 million for the three months ended March 31, 2022 and 2021, respectively.
Short-term and variable lease expenses for the three months ended March 31, 2022 and 2021 were not material.
Supplemental cash flow information related to leases were as follows (in thousands):
Three Months Ended March 31,
20222021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases
$(1,377)$(1,012)
Operating lease right-of-use assets and liabilities consisted of the following (in thousands):
March 31, 2022December 31, 2021
Operating leases
Operating lease right-of-use assets
$23,120 $24,282 
Operating lease liabilities, current
3,832 4,084 
Operating lease liabilities, non-current
20,057 20,963 
Total operating lease liabilities
$23,889 $25,047 
The weighted average remaining lease term and discount rate of operating leases were 7.6 years and 5.8%, respectively, as of March 31, 2022 and December 31, 2021.
As of March 31, 2022, the Company had no significant additional operating leases and finance leases that have not yet commenced.