Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.2.2
Leases (Tables)
 3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Schedule of Components of Lease Expense The components of lease expense related to leases for the period are as follows:
  Three Months Ended March 31,
  2022 2021
(In thousands)
Lease Cost:
  
Operating lease expense
 $ 784  $ 673 
Short-term lease expense
 $ 875  $ 810 
Finance lease cost:
Amortization of right-of-use assets
 $ 79  $ 64 
Interest on lease obligations
 7  7 
Total finance lease cost
 86  71 
Total lease cost
 $ 1,745  $ 1,554 
The components of supplemental cash flow information related to leases for the period are as follows:
  Three Months Ended March 31,
  2022 2021
(In thousands)
Cash flow information:
    
Cash paid for amounts included in the measurement of lease obligations for the period ended:
    
Operating cash flows for operating leases
 $ 731  $ 638 
Operating cash flows for finance leases
 $ 7  $ 7 
Financing cash flows for finance leases
 $ 91  $ 61 
 
Non-cash activity:
Right-of-use assets obtained in exchange for lease obligations:
Operating leases
 $ —  $ — 
Finance leases
 $ —  $ — 
 
Other information:
Weighted average remaining lease term:
Operating leases (in years)
 8 9
Finance leases (in years)
 1 2
 
Weighted average discount rates:
Operating leases
 11.0  % 11.8  %
Finance leases
 6.2  % 5.1  %
Supplemental Balance Sheet Information
The supplemental condensed consolidated balance sheet information related to leases for the period is as follows:
  As of
  March 31,
2022		 December 31,
2021
(In thousands)
Finance leases
    
Long-term right-of-use assets
 $ 301  $ 252 
 
Short-term finance lease liabilities
 $ 257  $ 258 
Long-term finance lease liabilities
 118  79 
Total finance lease liabilities
 $ 375  $ 337 
 
Operating leases
Long-term right-of-use assets
 $ 14,078  $ 14,433 
 
Short-term operating lease liabilities
 $ 1,406  $ 1,384 
Long-term operating lease liabilities
 13,639  13,999 
Total operating lease liabilities
 $ 15,045  $ 15,383 
Maturities of Operating Lease Liabilities Future minimum lease payments under non-cancelable operating leases (with initial or remaining lease terms in excess of one year) and future minimum capital lease payments as of March 31, 2022 are as follows:
Operating
Leases		 Finance
Leases
(In thousands)
2022 $ 2,278  $ 217 
2023 3,064  126 
2024 3,121  63 
2025 2,444  — 
2026 2,631  — 
Thereafter
 9,647  — 
Total payments
 $ 23,185  $ 406 
Less:
Imputed interest/present value discount
 (8,140) (31)
Present value of lease liabilities
 $ 15,045  $ 375 
Maturities of Finance Lease Liabilities Future minimum lease payments under non-cancelable operating leases (with initial or remaining lease terms in excess of one year) and future minimum capital lease payments as of March 31, 2022 are as follows:
Operating
Leases		 Finance
Leases
(In thousands)
2022 $ 2,278  $ 217 
2023 3,064  126 
2024 3,121  63 
2025 2,444  — 
2026 2,631  — 
Thereafter
 9,647  — 
Total payments
 $ 23,185  $ 406 
Less:
Imputed interest/present value discount
 (8,140) (31)
Present value of lease liabilities
 $ 15,045  $ 375