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Leases
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Leases

Note 14. Leases

The Company leases office space, cars, distribution centers and equipment under non-cancellable operating lease arrangements with various expiration dates through May 2027. The leases have remaining lease terms of approximately 1 year to 5 years, some of which include options to extend for up to a further 5 years, and some of which include options to terminate prior to completion of the contractual lease term with or without penalties. The

Company determines the duration of the lease arrangement giving thought to whether or not it is reasonably certain that the Company will exercise options to extend or terminate the lease arrangement ahead of its contractual term. The leases do not contain any material residual value guarantees.

The components of lease cost were as follows:

 

 

 

Year End December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

 

 

(In Thousands)

 

Operating lease cost

 

$

9,208

 

 

$

10,482

 

 

$

11,945

 

Short-term lease cost

 

 

563

 

 

 

1,702

 

 

 

1,111

 

Total lease cost (1)

 

$

9,771

 

 

$

12,184

 

 

$

13,056

 

_______________________

(1)Included in cost of revenue, sales and marketing, research and development and general and administration in the Company’s consolidated statement of operations.

Supplemental cash flow information related to leases was as follows:

 

 

 

Year End December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

 

 

(In Thousands)

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows relating to operating leases

 

$

9,474

 

 

$

12,127

 

 

$

11,652

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lease liabilities arising from obtaining right-of-use assets:

 

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

$

1,773

 

 

$

9,463

 

 

$

918

 

 

Supplemental balance sheet information related to leases was as follows:

 

 

 

As of December 31,

 

 

 

2021

 

 

2020

 

Weighted Average Remaining Lease Term (in years)

 

 

 

 

 

 

 

 

Operating leases

 

 

3.6

 

 

 

4.2

 

 

 

 

 

 

 

 

 

 

Weighted Average Discount Rate

 

 

 

 

 

 

 

 

Operating leases

 

 

4.0

%

 

 

4.0

%

 

As of December 31, 2021, maturities of operating lease liabilities were as follows (in thousands):

 

 

 

Operating Lease

 

2022

 

$

10,122

 

2023

 

 

7,199

 

2024

 

 

6,515

 

2025

 

 

4,812

 

2026

 

 

1,088

 

Thereafter

 

 

82

 

Total lease payments

 

 

29,818

 

Less imputed interest

 

 

(2,029

)

Total

 

$

27,789