Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Components of Lease Expense and Supplemental Cash Flow Information

The components of lease expense, recorded in cost of revenues and general and administrative expenses on the Consolidated Statements of Income, were as follows for the year ended (in thousands):

	Years ended December 31,
	2021		2020
Operating lease cost	$	2,675	$	3,002
Short-term lease cost	875		186
Finance lease cost
Amortization of right-of-use assets	834		160
Interest on lease liabilities	—		—
Total lease cost	$	4,384	$	3,348

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

	Years ended December 31,
	2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	2,501	$	1,344
Operating cash flows from finance leases	2,719		959
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	259	$	356
Finance leases	2,719		959

Other supplemental operating lease information consists of the following:

	December 31, 2021		December 31, 2020
Operating leases:
Weighted average remaining lease term	8.8 years		14.0 years
Weighted average discount rate	4.8	%	4.4	%

Balance Sheet and Other Supplemental Operating Lease Information

Supplemental balance sheet information related to leases was as follows (in thousands):

Lease-Related Assets and Liabilities	December 31, 2021		December 31, 2020
Operating lease right-of-use assets	$	7,233	$	25,711
Finance lease right-of-use assets (1)	2,648		800
Total right-of-use assets	$	9,881	$	26,511
Operating lease liabilities, current	$	2,421	$	2,578
Operating lease liabilities, noncurrent	14,108		25,549
Total operating lease liabilities	$	16,529	$	28,127

(1) Included in “Other assets” in the Consolidated Balance Sheet. The full amount of the finance leases were prepaid. Therefore, there is no corresponding lease liability associated with the finance right-of-use assets.

Maturities of Operating Lease Liabilities

Maturities of lease liabilities as of December 31, 2021 were as follows (in thousands):

	Total
Fiscal Year:
2022	$	2,515
2023	2,315
2024	2,296
2025	2,259
2026	2,328
Thereafter	10,254
Total lease payments	$	21,967
Less: Imputed interest	(5,438)
Present value of operating lease liabilities	$	16,529