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Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Components of Lease Cost

The Company's lease cost for the year ended December 31, 2021 and 2020 included the following components:

 

 

Years Ended December 31,

 

 

 

2021

 

 

2020

 

Operating lease costs

 

$

453

 

 

$

642

 

Short-term lease costs

 

 

167

 

 

 

114

 

Variable lease costs

 

 

6

 

 

 

2

 

Amortization of finance lease assets

 

 

72

 

 

 

77

 

Interest on finance lease liabilities

 

 

7

 

 

 

8

 

Total lease cost

 

$

705

 

 

$

843

 

 

 

 

 

 

 

 

 

 

Schedule of Future Minimum Lease Payments under Operating and Finance Leases

The table below summarizes the Company's scheduled future minimum lease payments under operating and finance leases recorded on the balance sheet as of December 31, 2021:

 

Year

 

Operating Leases

 

 

Finance Leases

 

2022

 

$

630

 

 

$

66

 

2023

 

 

638

 

 

 

44

 

2024

 

 

581

 

 

 

33

 

2025

 

 

501

 

 

 

15

 

2026

 

 

494

 

 

 

6

 

Thereafter

 

 

2,180

 

 

 

0

 

Total minimum payments required

 

 

5,024

 

 

 

164

 

Less: amount representing interest

 

 

949

 

 

 

10

 

Present value of net minimum lease payments

 

 

4,075

 

 

 

154

 

Less: current maturities of lease obligations

 

 

(475

)

 

 

(62

)

Long-term lease obligations

 

$

3,600

 

 

$

92

 

Summary of Weighted Average Remaining Lease Terms and Discount Rates

The weighted average remaining lease terms and discount rates for all the Company’s operating and finance leases were as follows as of December 31, 2021 and 2020:

 

 

Years Ended December 31,

 

 

 

2021

 

 

2020

 

Weighted-average remaining lease term - finance leases

 

3.0 years

 

 

2.9 years

 

Weighted-average remaining lease term - operating leases

 

8.4 years

 

 

9.6 years

 

Weighted-average discount rate - finance leases

 

4%

 

 

4%

 

Weighted-average discount rate - operating leases

 

5%

 

 

5%

 

Schedule of Classification of Right of Use Assets and Lease liabilities

The table below presents supplemental balance sheet information related to leases during the year ended December 31, 2021 and 2020:

 

 

 

 

 

Year Ended December 31,

 

Leases

 

Consolidated Balance Sheet Classification

 

2021

 

 

2020

 

Assets:

 

 

 

 

 

 

 

 

 

 

Operating right-of-use assets

 

Other noncurrent assets

 

$

2,289

 

 

$

2,272

 

Finance right-of-use assets

 

Other noncurrent assets

 

 

148

 

 

 

157

 

Total lease assets

 

 

 

$

2,437

 

 

$

2,429

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

Current

 

 

 

 

 

 

 

 

 

 

Operating lease liabilities

 

Accrued liabilities

 

$

475

 

 

$

269

 

Finance lease liabilities

 

Accrued liabilities

 

 

62

 

 

 

68

 

Noncurrent

 

 

 

 

 

 

 

 

 

 

Operating lease liabilities

 

Long-term liabilities

 

 

3,600

 

 

 

3,949

 

Finance lease liabilities

 

Long-term liabilities

 

 

92

 

 

 

96

 

Total lease liabilities

 

 

 

$

4,229

 

 

$

4,382