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LEASES
3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
LEASES

6. LEASES

We have operating leases primarily consisting of office and lab space, machinery and equipment and vehicles. The components of lease expense are as follows (in thousands):

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2022

 

 

2021

 

 Operating lease expense

 

$

4,169

 

 

$

4,349

 

 Short-term lease expense

 

 

424

 

 

 

371

 

 Variable lease expense

 

 

413

 

 

 

432

 

 Total lease expense

 

$

5,006

 

 

$

5,152

 

 Other information:

 

 

 

 

 

 

 Operating cash flows from operating leases

 

$

4,621

 

 

$

3,919

 

 Right of use assets obtained in exchange for new operating lease obligations

 

$

2,415

 

 

$

1,881

 

 Weighted-average remaining lease term - operating leases

 

7.35 years

 

 

8.32 years

 

 Weighted-average discount rate - operating leases

 

 

4.59

%

 

 

4.59

%

 

Scheduled undiscounted lease payments for non-cancellable leases consist of the following (in thousands):

 

 

March 31,
2022

 

Remainder of 2022

 

$

11,273

 

2023

 

 

12,377

 

2024

 

 

9,564

 

2025

 

 

8,059

 

2026

 

 

6,699

 

Thereafter

 

 

22,536

 

Total undiscounted lease payments

 

 

70,508

 

Less: Imputed interest

 

 

(10,956

)

Total operating lease liabilities

 

$

59,552