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Leases
 6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Leases Leases
As of June 30, 2022 and December 31, 2021, the Company’s operating lease right of use assets are $17.7 million and $12.8 million, respectively. The weighted-average remaining lease term is 5.6 and the weighted-average discount rate is 4.9%.

The following table summarizes the components of lease expense (in thousands):
Three Months EndedSix Months Ended
June 30, 2022June 30, 2021June 30, 2022June 30, 2021
Operating lease cost$1,192 $279 $2,241 $448 
Short-term lease cost155 170 359 259 
Sublease income— — — — 
Total$1,347 $449 $2,600 $707 

The following table summarizes supplemental information related to leases (in thousands):
Three Months EndedSix Months Ended
June 30, 2022June 30, 2021June 30, 2022June 30, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$1,172 $311 $2,215 $476 
Right of use assets obtained in exchange for new operating lease liabilities150 2,955 6,895 4,718 

The additional right of use assets was primarily acquired in the Tree Technologies, Energica, WAVE, and Solectrac acquisitions. The facilities acquired are primarily office buildings and warehouses in Asia, Europe and U.S. locations where they conduct business.
The following table summarizes the maturity of operating lease liabilities (in thousands):
June 30, 2022Leased Property
Costs
2022 (excluding the six months ended June 30, 2022$2,353 
20234,666 
20243,534 
20253,054 
20262,503 
2026 and thereafter4,031 
Total lease payments20,141 
Less: interest(2,577)
Total$17,564 
In the six months ended June 30, 2022, the Company executed a five-year automobile lease and acquired two finance leases through an acquisition of Energica, the manufacturer of high-performance electric motorcycles with a six-year and two-year remaining life for a service center and an office facility, respectively. In Asia, the Company acquired a two-year operating lease and renewed a two-year lease for a general office building for a manufacturing facility for EV bikes, scooters, and batteries. In the U.S., the Company acquired two operating leases, one of which has a two-year term for a general office building and the other lease, has a ten-year life for a warehouse and office facility used primarily for fabrication, assembly, production, and storage of battery-powered electric tractors.
Leases Leases
As of June 30, 2022 and December 31, 2021, the Company’s operating lease right of use assets are $17.7 million and $12.8 million, respectively. The weighted-average remaining lease term is 5.6 and the weighted-average discount rate is 4.9%.

The following table summarizes the components of lease expense (in thousands):
Three Months EndedSix Months Ended
June 30, 2022June 30, 2021June 30, 2022June 30, 2021
Operating lease cost$1,192 $279 $2,241 $448 
Short-term lease cost155 170 359 259 
Sublease income— — — — 
Total$1,347 $449 $2,600 $707 

The following table summarizes supplemental information related to leases (in thousands):
Three Months EndedSix Months Ended
June 30, 2022June 30, 2021June 30, 2022June 30, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$1,172 $311 $2,215 $476 
Right of use assets obtained in exchange for new operating lease liabilities150 2,955 6,895 4,718 

The additional right of use assets was primarily acquired in the Tree Technologies, Energica, WAVE, and Solectrac acquisitions. The facilities acquired are primarily office buildings and warehouses in Asia, Europe and U.S. locations where they conduct business.
The following table summarizes the maturity of operating lease liabilities (in thousands):
June 30, 2022Leased Property
Costs
2022 (excluding the six months ended June 30, 2022$2,353 
20234,666 
20243,534 
20253,054 
20262,503 
2026 and thereafter4,031 
Total lease payments20,141 
Less: interest(2,577)
Total$17,564 
In the six months ended June 30, 2022, the Company executed a five-year automobile lease and acquired two finance leases through an acquisition of Energica, the manufacturer of high-performance electric motorcycles with a six-year and two-year remaining life for a service center and an office facility, respectively. In Asia, the Company acquired a two-year operating lease and renewed a two-year lease for a general office building for a manufacturing facility for EV bikes, scooters, and batteries. In the U.S., the Company acquired two operating leases, one of which has a two-year term for a general office building and the other lease, has a ten-year life for a warehouse and office facility used primarily for fabrication, assembly, production, and storage of battery-powered electric tractors.