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Operating Leases (Tables)
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Summary of Components of Lease Cost

The components of lease expense were as follows (in thousands, except years and rate):

 

 

 

Three Months Ended
June 30, 2022

 

 

Six Months Ended
June 30, 2022

 

Operating lease cost

 

$

1,017

 

 

$

1,824

 

Short-term lease cost

 

 

196

 

 

 

337

 

Total lease cost

 

$

1,213

 

 

$

2,161

 

 

 

 

As of June 30, 2022

 

Weighted average remaining term (years)

 

 

3.27

 

Weighted average discount rate

 

 

2.89

%

Summary of Supplemental Cash Flow Information

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

 

 

 

Six Months Ended
June 30,

 

 

 

2022

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

$

920

 

Cash paid for operating lease liabilities

 

$

1,382

 

Schedule of Operating Lease, Liability, Maturity

Future minimum lease payments under non-cancellable operating leases with initial lease terms in excess of one year included in the Company’s lease liabilities as of June 30, 2022 are as follows (in thousands):

 

Year ending December 31:

 

 

 

Remainder of 2022

 

$

1,860

 

2023

 

 

4,144

 

2024

 

 

3,914

 

2025

 

 

3,127

 

2026 and thereafter

 

 

400

 

Total undiscounted operating lease payments

 

$

13,445

 

Less: imputed interest

 

 

(769

)

Total operating lease liabilities

 

$

12,676

 

Future minimum payments under non-cancellable operating leases consisted of the following as of December 31, 2021 (in thousands):

 

Year ending December 31:

 

 

 

2022

 

$

2,767

 

2023

 

 

3,883

 

2024

 

 

3,988

 

2025

 

 

3,207

 

2026 and thereafter

 

 

463

 

Total minimum lease payments

 

$

14,308