XML 23 R13.htm IDEA: XBRL DOCUMENT v3.22.2
LEASES
6 Months Ended
Jun. 30, 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

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

 

 

2022

 

 

2021

 

2022

 

 

2021

 

 Operating lease expense

 

$

4,098

 

 

$

4,283

 

$

8,267

 

 

$

8,632

 

 Short-term lease expense

 

 

397

 

 

 

460

 

 

821

 

 

 

831

 

 Variable lease expense

 

 

351

 

 

 

339

 

 

764

 

 

 

771

 

 Total lease expense

 

$

4,846

 

 

$

5,082

 

$

9,852

 

 

$

10,234

 

 Other information:

 

 

 

 

 

 

 

 

 

 

 

 Operating cash flows from operating leases

 

$

4,347

 

 

$

4,329

 

$

8,953

 

 

$

8,198

 

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

 

$

953

 

 

$

1,237

 

$

3,996

 

 

$

3,649

 

 Weighted-average remaining lease term - operating leases

 

7.22 years

 

 

8.14 years

 

7.22 years

 

 

8.14 years

 

 Weighted-average discount rate - operating leases

 

 

4.55

%

 

 

4.66

%

 

4.55

%

 

 

4.66

%

 

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

 

 

June 30,
2022

 

Remainder of 2022

 

$

7,281

 

2023

 

 

12,786

 

2024

 

 

9,883

 

2025

 

 

8,301

 

2026

 

 

6,761

 

Thereafter

 

 

22,336

 

Total undiscounted lease payments

 

 

67,348

 

Less: Imputed interest

 

 

(10,109

)

Total operating lease liabilities

 

$

57,239