Leases (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of Supplemental Balance Sheet Information Related to Leases

Information related to leases included in the Condensed Consolidated Balance Sheets was as follows (in thousands, except lease term and discount rate):


Operating leases:	June 30, 2023		December 31, 2022
Operating lease right-of-use assets	$	56,773	$	56,061
Accumulated amortization	(15,948)		(14,202)
Operating lease right-of-use assets, net	$	40,825	$	41,859

Current maturities of operating leases	$	4,037	$	3,308
Non-current maturities of operating leases	39,989		41,257
Total operating lease liabilities	$	44,026	$	44,565

Finance leases:
Property and equipment, at cost	$	6,527	$	6,408
Accumulated amortization	(2,809)		(2,498)
Property and equipment, net	$	3,718	$	3,910

Current maturities of finance leases	$	528	$	513
Non-current maturities of finance leases	3,446		3,644
Total finance lease liabilities	$	3,974	$	4,157

Weighted average remaining lease term (in years):
Operating leases	11.3		11.9
Finance leases	7.4		7.8

Weighted average discount rate:
Operating leases	5.9%		5.9%
Finance leases	2.1%		2.1%

Summary of Lease Costs

A summary of lease expenses for our finance and operating leases included in General, administrative, and marketing expenses on our Condensed Consolidated Statements of Operations and Comprehensive Loss was as follows (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Amortization of property and equipment	$	133	$	131	$	264	$	268
Interest expense on finance leases	21		22		42		47
Total finance lease expense	154		153		306		315
Operating lease expense	1,829		1,883		3,631		3,803
Sublease income	—		(91)		—		(183)
Total lease expense	$	1,983	$	1,945	$	3,937	$	3,935

A summary of our cash flow information related to leases was as follows (in thousands):


	Six Months Ended June 30,
Cash paid for amounts included in the measurement of lease liabilities:	2023		2022
Operating cash flows for operating leases	$	3,627	$	3,210
Financing cash flows for finance leases	264		244
Operating cash flows for finance leases	42		44

Lessee, Operating Lease, Liability, Maturity

Future minimum lease payments and sublease rental income are as follows (in thousands):


	Finance Leases		Operating Leases
Remainder of 2023	$	290	$	3,055
2024	606		6,001
2025	584		5,800
2026	566		5,057
2027	561		4,868
Thereafter	1,668		37,109
Total minimum lease payments	$	4,275	$	61,890
Less amount representing interest	(301)		(17,864)
Present value of net minimum lease payments	3,974		44,026
Less current maturities	(528)		(4,037)
Lease liabilities, less current maturities	$	3,446	$	39,989

Finance Lease, Liability, Fiscal Year Maturity

Future minimum lease payments and sublease rental income are as follows (in thousands):


	Finance Leases		Operating Leases
Remainder of 2023	$	290	$	3,055
2024	606		6,001
2025	584		5,800
2026	566		5,057
2027	561		4,868
Thereafter	1,668		37,109
Total minimum lease payments	$	4,275	$	61,890
Less amount representing interest	(301)		(17,864)
Present value of net minimum lease payments	3,974		44,026
Less current maturities	(528)		(4,037)
Lease liabilities, less current maturities	$	3,446	$	39,989