Leases

3 Months Ended

Mar. 31, 2022

Leases Disclosure [Abstract]

Leases

4. Leases 

All leases were classified as operating leases as of March 31, 2022 and March 31, 2021.

Components of operating lease expense were as follows (in thousands):

	Three Months Ended March 31, 2022
Operating lease cost	$	1,107
Variable lease cost	$	26
Short-term lease cost	$	57

Supplemental information related to operating leases was as follows (in thousands, except for weighted average data):

	Three Months Ended March 31, 2022
Operating cash flows from operating leases	$	975
Right-of-use assets obtained in exchange for new operating lease liabilities	$	9,459
Weighted-average remaining lease term - operating leases (years)		4.1
Weighted-average discount rate - operating leases (%)		4.5

Future lease payments under operating leases as of March 31, 2022 were as follows (in thousands):

Remainder of 2022	$	2,630
2023		2,729
2024		1,856
2025		1,422
2026		1,200
Thereafter		860
Total undiscounted future lease payments	$	10,697
Less imputed interest		950
Total lease liability balance	$	9,747

As of March 31, 2022, the Company has entered into leases that have not yet commenced with future lease payments of $2.1 million that are not yet recorded on the Condensed Consolidated Balance Sheet. These leases will commence between the third and fourth quarter of 2022 with non-cancelable lease terms of five years.

Supplemental Information for Comparative Periods

As of December 31, 2021, prior to the adoption of ASU 2016-02, future minimum payments under operating leases were as follows (in thousands):

For the Twelve Months Ended December 31,
2022	$	3,335
2023	$	2,400
2024	$	1,548
2025	$	1,109
Thereafter	$	1,581

During the twelve months ended December 31, 2021, rent expense was $13.6 million.