Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Summary of Components of Lease Costs

The following table summarizes the components of lease costs included in the statements of operations for the periods indicated (in thousands):

	Year Ended December 31,
	2022		2021		2020
Operating lease cost	$	10,387	$	8,533	$	7,693
Finance lease cost
Amortization of right-of-use assets		602		602		989
Interest on lease liabilities		308		340		432
Variable lease cost		1,145		1,074		1,336
Total lease cost	$	12,442	$	10,549	$	10,450

Summary of Balance Sheet Information Related to Leases

The following table provides the details of balance sheet information related to leases as of the dates indicated (in thousands, except lease term and discount rate):

	December 31,
	2022			2021
Operating leases:
Operating lease right-of-use assets	$	43,317		$	48,338
Current portion of operating lease liabilities	$	7,793		$	7,334
Operating lease liabilities		40,808			45,700
Total operating lease liabilities	$	48,601		$	53,034
Finance leases:
Property, plant and equipment, gross	$	9,582		$	9,582
Accumulated depreciation		(5,670	)		(5,068	)
Finance lease assets included in property, plant and equipment, net	$	3,912		$	4,514
Accrued expenses and other current liabilities	$	668		$	599
Other liabilities		4,652			5,309
Total finance lease liabilities	$	5,320		$	5,908
Weighted-average remaining lease term (in years):
Operating leases		8.2			9.0
Finance leases		6.5			7.5
Weighted-average discount rate:
Operating leases		4.64	%		4.72	%
Finance leases		5.54	%		5.54	%

Summary of Cash Flow Information Related to Leases

The following table provides the details of cash flow information related to leases for the periods indicated (in thousands):

	Year Ended December 31,
	2022		2021		2020
Cash paid for amounts included in lease liabilities:
Operating cash flows from finance leases	$	308	$	340	$	432
Operating cash flows from operating leases	$	7,876	$	7,818	$	6,760
Financing cash flows from finance leases	$	599	$	9,310	$	1,321
Supplemental non-cash information:
Right-of-use assets obtained in exchange for new operating lease liabilities	$	4,757	$	22,574	$	4,290
Right-of-use assets obtained in exchange for new finance lease liabilities	$	-	$	-	$	-

Future Minimum Lease Payments Under Operating and Finance Leases

Future minimum lease payments under operating and finance leases expiring subsequent to December 31, 2022, including operating leases associated with facilities that have been vacated as a result of the Company’s restructuring actions, are summarized as follows (in thousands):

Year Ending December 31,	Operating Leases			Finance Leases
2023	$	9,353		$	946
2024		8,731			954
2025		8,335			954
2026		7,168			979
2027		6,325			1,003
Thereafter		20,263			1,505
Total minimum lease payments		60,175			6,341
Less: interest		(11,574	)		(1,021	)
Present value of lease liabilities	$	48,601		$	5,320