Leases (Tables)

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Schedule of Lease Costs

The Company recorded the following lease costs for the three and six months ended June 30, 2022:

(in thousands)	Three Months Ended June 30, 2022		Six Months Ended June 30, 2022
Lease Cost
Capitalized operating lease cost	$	888	$	1,723
Variable lease cost		—		1
Total lease cost	$	888	$	1,724

(in thousands)
Supplemental Cash Flow and Other Information
Cash paid for amounts included in measurement of lease liabilities and capitalized operating leases:
Operating cash flows	$	1,544
Right-of-use assets obtained in exchange for lease liabilities:
Capitalized operating leases	$	803

Schedule of Leases Term and Discount Rate

Lease term and discount rate consisted of the following at June 30, 2022:

	June 30, 2022
Weighted-average remaining lease term (in years):
Capitalized operating leases		6.03
Weighted-average discount rate:
Capitalized operating leases		4.2	%

Schedule Of Future Minimum Payments For Operating Leases

The table below reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under noncancelable operating leases with terms of more than one year to the total operating lease liabilities recognized on the condensed consolidated balance sheets as of June 30, 2022.

(in thousands)	Capitalized Operating Lease
2022, excluding the six months ended June 30, 2022	$	1,608
2023		1,898
2024		2,353
2025		2,147
2026		2,071
Thereafter		4,488
	$	14,565
Imputed interest		1,744
Lease liability balance at June 30, 2022	$	12,821

Schedule of Maturities of Lease Liabilities

Future aggregate minimum annual lease payments as of December 31, 2021 reported in our 2021 Form 10-K under the previous lease accounting standard were as follows:

(in thousands)	Operating Lease
2022	$	3,120
2023		1,895
2024		2,282
2025		2,174
2026		2,165
Thereafter		4,805
	$	16,441