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Leases
 3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Leases Leases
We lease certain office space, equipment and vehicles. These leases are either non-cancelable, cancellable only by the payment of penalties or cancellable upon notice provided. All lease payments are based on the lapse of time and certain leases are subject to annual escalations for increases in base rents. The Company's lease terms includes options to extend or terminate the lease when it is reasonably certain that the option will be exercised.
The Company recognizes a right-of-use asset and lease liability for its operating leases at the commencement date equal to the present value of the contractual minimum lease payments over the lease term. The present value is calculated using the rate implicit in the lease, if known, or the Company's incremental borrowing rate. The discount rate used for operating leases is primarily determined based on an analysis of the Company's borrowing rate, while the discount rate used for finance leases is primarily determined by the rate specified in the lease.
Operating and Finance Leases
The Company's operating leases primarily include material leases of buildings (consisting primarily of office lease commitments) and equipment. These leases are classified as operating leases and are recognized as right-of-use assets and operating lease liabilities on the consolidated balance sheets.
The Company's finance leases primarily include equipment and vehicles in certain contracts with payment terms on the lease agreements that range between 30 and 50 months.
The following tables present our balance sheet information related to leases:
As ofAs of
(Amounts in thousands)Balance Sheet ClassificationMarch 31, 2023December 31, 2022
Assets:
Operating lease assetsOperating lease, right-of-use assets$31,132 $30,264 
Finance lease assetsProperty and equipment, net$19,874 $18,580 
Total lease assets$51,006 $48,844 
Liabilities:
Current:
Operating lease liabilitiesOperating lease obligation, current portion$(6,967)$(6,949)
Finance lease liabilitiesFinance lease obligation, current portion$(5,804)$(5,297)
Total current lease liabilities$(12,771)$(12,246)
Non-current:
Operating lease liabilitiesOperating lease obligation, less current portion$(29,143)$(28,087)
Finance lease liabilitiesFinance lease obligation, less current portion$(15,028)$(14,254)
Total non-current lease liabilities$(44,171)$(42,341)

The following tables present selected financial information:
Three Months Ended
(Amounts in thousands)March 31, 2023March 31, 2022
Operating lease cost
Amortization of right-of-use assets$2,484 $1,656 
Finance lease cost:
Amortization of right-of-use assets1,670 1,625 
Interest on lease liabilities356 212 
Total lease cost$4,510 $3,493 
Three Months Ended
(Amounts in thousands)March 31, 2023March 31, 2022
Cash paid for amounts included in the measurements of lease liabilities
Operating cash flows from operating leases$1,847 $3,310 
Financing cash flows from finance leases1,687 1,427 
Right-of-use assets obtained in exchange for new operating leases2,921 22,082 
Right-of-use assets obtained in exchange for new finance leases2,964 2,688 
As ofAs of
March 31, 2023December 31, 2022
Weighted average remaining lease term (in years):
Operating leases5.475.62
Finance leases3.163.28
Weighted average discount rates:
Operating leases7.0 %7.1 %
Finance leases7.4 %7.4 %
Future minimum commitments under leases for the succeeding years are as follows (in thousands):
(Amounts in thousands)
Year ending December 31,Operating LeaseFinance Lease
2023 (nine months remaining)$6,825 $5,438 
20248,613 6,570 
20257,671 6,312 
20266,026 2,878 
20275,137 98 
Thereafter9,639 – 
Total lease payments$43,911 $21,296 
Less: Amounts representing interest$(7,801)$(2,751)
Total lease liabilities$36,110 $18,545 
The above table is exclusive of the $2.3 million bargain purchase price associated with the $20.8 million total liability to finance leases as presented on the consolidated balance sheet.
Leases Leases
We lease certain office space, equipment and vehicles. These leases are either non-cancelable, cancellable only by the payment of penalties or cancellable upon notice provided. All lease payments are based on the lapse of time and certain leases are subject to annual escalations for increases in base rents. The Company's lease terms includes options to extend or terminate the lease when it is reasonably certain that the option will be exercised.
The Company recognizes a right-of-use asset and lease liability for its operating leases at the commencement date equal to the present value of the contractual minimum lease payments over the lease term. The present value is calculated using the rate implicit in the lease, if known, or the Company's incremental borrowing rate. The discount rate used for operating leases is primarily determined based on an analysis of the Company's borrowing rate, while the discount rate used for finance leases is primarily determined by the rate specified in the lease.
Operating and Finance Leases
The Company's operating leases primarily include material leases of buildings (consisting primarily of office lease commitments) and equipment. These leases are classified as operating leases and are recognized as right-of-use assets and operating lease liabilities on the consolidated balance sheets.
The Company's finance leases primarily include equipment and vehicles in certain contracts with payment terms on the lease agreements that range between 30 and 50 months.
The following tables present our balance sheet information related to leases:
As ofAs of
(Amounts in thousands)Balance Sheet ClassificationMarch 31, 2023December 31, 2022
Assets:
Operating lease assetsOperating lease, right-of-use assets$31,132 $30,264 
Finance lease assetsProperty and equipment, net$19,874 $18,580 
Total lease assets$51,006 $48,844 
Liabilities:
Current:
Operating lease liabilitiesOperating lease obligation, current portion$(6,967)$(6,949)
Finance lease liabilitiesFinance lease obligation, current portion$(5,804)$(5,297)
Total current lease liabilities$(12,771)$(12,246)
Non-current:
Operating lease liabilitiesOperating lease obligation, less current portion$(29,143)$(28,087)
Finance lease liabilitiesFinance lease obligation, less current portion$(15,028)$(14,254)
Total non-current lease liabilities$(44,171)$(42,341)

The following tables present selected financial information:
Three Months Ended
(Amounts in thousands)March 31, 2023March 31, 2022
Operating lease cost
Amortization of right-of-use assets$2,484 $1,656 
Finance lease cost:
Amortization of right-of-use assets1,670 1,625 
Interest on lease liabilities356 212 
Total lease cost$4,510 $3,493 
Three Months Ended
(Amounts in thousands)March 31, 2023March 31, 2022
Cash paid for amounts included in the measurements of lease liabilities
Operating cash flows from operating leases$1,847 $3,310 
Financing cash flows from finance leases1,687 1,427 
Right-of-use assets obtained in exchange for new operating leases2,921 22,082 
Right-of-use assets obtained in exchange for new finance leases2,964 2,688 
As ofAs of
March 31, 2023December 31, 2022
Weighted average remaining lease term (in years):
Operating leases5.475.62
Finance leases3.163.28
Weighted average discount rates:
Operating leases7.0 %7.1 %
Finance leases7.4 %7.4 %
Future minimum commitments under leases for the succeeding years are as follows (in thousands):
(Amounts in thousands)
Year ending December 31,Operating LeaseFinance Lease
2023 (nine months remaining)$6,825 $5,438 
20248,613 6,570 
20257,671 6,312 
20266,026 2,878 
20275,137 98 
Thereafter9,639 – 
Total lease payments$43,911 $21,296 
Less: Amounts representing interest$(7,801)$(2,751)
Total lease liabilities$36,110 $18,545 
The above table is exclusive of the $2.3 million bargain purchase price associated with the $20.8 million total liability to finance leases as presented on the consolidated balance sheet.