Leases

6 Months Ended

Jun. 30, 2022

10.

LEASES

The Company leases office space, storage warehouses and certain plant equipment under various operating leases. The Company’s operating leases have remaining lease terms of less than 1 year to 7 years. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option.

For the six months ended June 30, 2022 and June 30, 2021, total operating lease expense was $4.2 million and $4.1 million, respectively. The weighted average remaining lease term at June 30, 2022 and December 31, 2021 was 5.7 years and 5.8 years, respectively. The weighted average discount rate at June 30, 2022 and December 31, 2021 was 2.18% and 2.47%, respectively.

The following table includes supplemental cash flow information for the six months ended June 30, 2022 and June 30, 2021 and supplemental balance sheet information at June 30, 2022 and December 31, 2021 related to operating leases (in thousands):


	Six Months Ended June 30,
Supplemental cash flow information	2022		2021
Cash paid for amounts included in the measurement of operating lease liabilities	$	4,334	$	4,131
Operating ROU assets obtained in exchange for lease liabilities	$	6,714	$	7,047



Supplemental balance sheet information	June 30, 2022		December 31, 2021
Operating lease ROU assets	$	36,250	$	34,571
Operating lease liabilities:
Accrued expenses and other current liabilities	$	7,646	$	7,066
Operating lease liabilities		29,239		28,263

Total operating lease liabilities	$	36,885	$	35,329

The following table summarizes maturities of operating lease liabilities at June 30, 2022 (in thousands):


Maturities of operating lease liabilities
2022	$	4,273
2023		7,612
2024		6,799
2025		5,463
2026		4,886
Thereafter		10,156

Total lease payments		39,189
Less imputed interest		(2,304	)

Total operating lease liabilities	$	36,885