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Lease (Tables)
9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Schedule of lease expense

Operating lease cost is recognized on a straight-line basis over the lease term. The components of lease expense are as follows (in thousands):

 

 

Nine months ended

 

 

 

September 30, 2022

 

Operating lease cost

 

$

2,370

 

Short-term lease cost

 

 

37

 

Total lease cost

 

$

2,407

 

Schedule of Supplemental Cash Flow Information Related To Leases

Supplemental cash flow information related to leases is as follows (in thousands):

 

 

 

Nine months ended

 

 

 

September 30, 2022

 

Cash paid for amounts included in measurement of lease liabilities:

 

 

 

Operating cash outflows - payments on operating leases

 

$

1,629

 

 

 

 

 

Right-of-use assets obtained in exchange for new lease obligations:

 

 

 

Operating leases

 

$

16,741

 

Schedule of Supplemental Balance Sheet Information Related To Leases Supplemental balance sheet information related to leases is as follows (in thousands):

 

 

 

September 30, 2022

 

Operating lease right-of-use assets

 

$

14,416

 

Included in other current liabilities:

 

 

 

Operating lease liabilities, current

 

$

1,413

 

Operating lease liabilities, noncurrent

 

 

14,326

 

Total operating lease liabilities

 

$

15,739

 

 

Weighted-average remaining lease term - operating leases:

 

5.54

 

 

 

Weighted-average discount rate - operating leases:

 

2.6%

Summary of Future Undiscounted Cash Flows And Reconciliation To The Lease Liabilities Recognized

Future undiscounted cash flows for each of the next five years and thereafter and reconciliation to the lease liabilities recognized on the balance sheet as of September 30, 2022 is as follows (in thousands):

 

2022 (excluding the nine months ended September 30)

 

$

805

 

2023

 

 

3,352

 

2024

 

 

2,991

 

2025

 

 

2,602

 

2026

 

 

2,580

 

Thereafter

 

 

4,710

 

Total lease payments

 

$

17,040

 

Less imputed interest

 

 

(1,301

)

Total present value of lease liabilities

 

$

15,739

 

 

Summary of Future Minimum Lease Payment Under Leases

As of December 31, 2021, a summary of the Company's future minimum lease payments, as determined under Topic 840, for all non-cancelable operating leases, excluding minimum sublease rentals of $0.6 million due in the future under a non-cancelable sublease, was as follows (in thousands):

 

 

 

Operating leases

 

2022

 

$

2,251

 

2023

 

 

2,803

 

2024

 

 

2,417

 

2025

 

 

2,215

 

2026

 

 

2,220

 

Thereafter

 

 

4,571

 

Total future minimum lease payments

 

$

16,477