| Leases |
Note 7. Leases The following table presents the components of lease expense in our condensed consolidated statements of operations for the periods presented (in thousands):
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|
|
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|
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
Operating lease costs(a) |
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|
|
|
|
|
|
|
|
|
|
Single lease costs |
$ |
1,039 |
|
|
$ |
1,038 |
|
|
$ |
2,086 |
|
|
$ |
2,076 |
|
Variable lease costs |
|
566 |
|
|
|
510 |
|
|
|
1,093 |
|
|
|
967 |
|
Sublease income(b) |
|
(494 |
) |
|
|
(475 |
) |
|
|
(988 |
) |
|
|
(950 |
) |
Total operating lease costs |
$ |
1,111 |
|
|
$ |
1,073 |
|
|
$ |
2,191 |
|
|
$ |
2,093 |
|
(a) Includes short-term lease costs, which are immaterial. |
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(b) Sublease income is related to unused office space that we sublet as part of the restructuring in fiscal 2018 where we continue to have the primary obligations. |
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The following table presents supplemental cash-flow information related to operating leases for the periods presented (in thousands):
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|
|
|
|
|
Six Months Ended June 30, |
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|
2022 |
|
|
2021 |
|
Cash paid for amounts included in the measurement of lease liabilities |
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|
|
|
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Operating cash flows used |
$ |
2,528 |
|
|
$ |
2,445 |
|
Lease liabilities arising from remeasurement of right-of-use assets |
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|
|
|
|
Operating leases |
$ |
— |
|
|
$ |
698 |
|
The following table presents weighted-average remaining lease term and weighted-average discount rate related to operating leases as of the dates presented:
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|
|
|
|
|
|
|
|
June 30, 2022 |
|
|
December 31, 2021 |
|
Weighted-average remaining lease term (years) |
|
4.1 |
|
|
|
4.4 |
|
Weighted-average discount rate |
|
6.8 |
% |
|
|
6.7 |
% |
The following table presents future lease payments under operating leases as of June 30, 2022 (in thousands):
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Operating Leases |
|
|
|
Lease Payments |
|
|
Sublease Income |
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|
Net |
|
2022 |
|
$ |
2,544 |
|
|
$ |
(739 |
) |
|
$ |
1,805 |
|
2023 |
|
|
3,592 |
|
|
|
(123 |
) |
|
|
3,469 |
|
2024 |
|
|
3,283 |
|
|
|
— |
|
|
|
3,283 |
|
2025 |
|
|
3,331 |
|
|
|
— |
|
|
|
3,331 |
|
2026 |
|
|
3,414 |
|
|
|
— |
|
|
|
3,414 |
|
Thereafter |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total lease payments |
|
$ |
16,164 |
|
|
$ |
(862 |
) |
|
$ |
15,302 |
|
Less: Imputed interest |
|
|
(2,121 |
) |
|
|
|
|
|
|
Present value of lease liabilities |
|
|
14,043 |
|
|
|
|
|
|
|
Less: Current portion of lease liabilities |
|
|
3,635 |
|
|
|
|
|
|
|
Lease liabilities, net of current portion |
|
$ |
10,408 |
|
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