Leases (Tables)

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Operating leases

The following table sets forth the maturities, weighted average remaining lease term, and weighted average discount rate of our operating lease liabilities as of March 31, 2022:

	Amount
	(In thousands)
Ending March 31,
2022	$	2,423
2023	1,994
2024	2,014
2025	2,055
2026	954
2027 and beyond	—
Total future payments	9,440
Less: Interest	1,247
Present value of future minimum operating lease payments	8,193
Less: Current portion	1,949
Total long-term operating lease payments	$	6,244
Weighted average remaining lease term (years)	4.3
Weighted average discount rate (1)	6.64		%

1.Our weighted average discount rates represent the rate implicit in the lease or our incremental borrowing rate for a term equal to the remaining term of the lease.

Schedule of lease assets and liabilities

The following table shows information about our lease assets and liabilities on our unaudited condensed consolidated balance sheets:

	Classification on the unaudited condensed consolidated balance sheets	March 31, 2022		December 31, 2021
		(In thousands)
Assets
Operating lease right of use assets	Right of use assets	$	8,151	$	12,445
Total right of use assets		$	8,151	$	12,445
Liabilities
Current liabilities:
Operating lease liabilities	Current operating lease liabilities	$	1,949	$	3,791
Non-current liabilities:
Operating lease liabilities	Operating lease liabilities	6,244		8,677
Total lease liabilities		$	8,193	$	12,468

Schedule of lease costs

The following table shows certain information related to the lease costs for our finance and operating leases for the periods indicated:

	Three Months Ended March 31,
	2022		2021
	(In thousands)
Components of total lease cost:
Amortization of finance leased assets	$	—	$	1,067
Interest on finance lease liabilities	—		29
Operating lease cost	1,308		1,047
Short-term lease cost (1)	3,536		1,444
Variable lease cost	—		58
Total lease cost	$	4,844	$	3,645

1.Short-term lease cost includes amounts capitalized related to our oil and natural gas segment of $0.5 million and $0.1 million for the three months ended March 31, 2022 and 2021, respectively.

Supplemental cash flow information related to leases

The following table shows supplemental cash flow information related to leases for the periods indicated:

	Three Months Ended March 31,
	2022		2021
	(In thousands)
Cash paid for amounts in the measurement of lease liabilities:
Operating cash flows for operating leases	$	1,284	$	1,048
Financing cash flows for finance leases	$	—	$	1,067
Lease liabilities recognized in exchange for new operating lease right of use assets	$	909	$	102