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Leases
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Lessee, Operating Leases LEASES
The Company has operating and finance leases for offices, manufacturing and warehouse facilities and computer equipment. The Company’s leases have remaining lease terms of one to eight years. Options to renew or extend leases beyond their initial term have been excluded from measurement of the ROU assets and lease liabilities for the majority of leases as exercise is not reasonably certain.
The weighted average remaining lease term and the discount rate for the reporting periods are as follows:
As ofAs ofAs of
December 31, 2022December 31, 2021December 31, 2020
Operating Leases
Weighted average remaining lease term (years)4.43.63.2
Weighted average discount rate4.60 %4.69 %5.68 %
Finance Leases
Weighted average remaining lease term (years)7.68.69.7
Weighted average discount rate6.92 %6.91 %6.91 %
A letter of credit for $1,250 was issued to the lessor of the Company's corporate headquarters building in October 2015, and is renewed annually and remains outstanding as of December 31, 2022.
The components of lease expense are as follows:
 Year EndedYear EndedYear Ended
 December 31, 2022December 31, 2021December 31, 2020
Operating lease cost$1,133 $1,052 $1,237 
 
Finance lease cost:
Amortization of right-of-use assets1,016 1,019 1,050 
Interest on lease liabilities735 792 844 
Total finance lease cost$1,751 $1,811 $1,894 
Short term lease expense was not significant for the twelve months ended December 31, 2022, 2021 and 2020.
Supplemental cash flow information related to leases was as follows:
Year EndedYear EndedYear Ended
December 31, 2022December 31, 2021December 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$845 $998 $1,236 
Operating cash flows for finance leases735 620 844 
Financing cash flows for finance leases899 792 664 
Right-of-use assets obtained in exchange for lease obligations:
Operating Leases— 3,752 1,421 
Finance Leases62 — 22 
Early termination of operating lease— — 2,743 
Supplemental balance sheet information related to leases was as follows:
As of December 31, 2022
As of December 31, 2021
Operating Leases
Operating lease right-of-use assets$3,787 $4,761 
Other current liabilities and current maturities of debt and leases 1,147 861 
Operating lease liabilities3,095 4,068 
Total operating lease liabilities$4,242 $4,929 
Finance Leases
Property and equipment, at cost$14,645 $14,607 
Accumulated depreciation(7,109)(6,116)
Property and equipment, net $7,536 $8,491 
Other current liabilities and current maturities of debt and leases $992 $895 
Finance lease liabilities9,147 10,082 
Total finance lease liabilities$10,139 $10,977 
Maturities of lease liabilities as of December 31, 2022 were as follows:
Operating LeasesFinance Leases
2023$1,160 $1,665 
20241,164 1,689 
2025920 1,638 
2026592 1,671 
2027609 1,703 
2028 and thereafter
259 4,824 
Total payments $4,704 $13,190 
Less imputed interest(462)(3,051)
Total lease liabilities$4,242 $10,139 
Lessee, Finance Leases LEASES
The Company has operating and finance leases for offices, manufacturing and warehouse facilities and computer equipment. The Company’s leases have remaining lease terms of one to eight years. Options to renew or extend leases beyond their initial term have been excluded from measurement of the ROU assets and lease liabilities for the majority of leases as exercise is not reasonably certain.
The weighted average remaining lease term and the discount rate for the reporting periods are as follows:
As ofAs ofAs of
December 31, 2022December 31, 2021December 31, 2020
Operating Leases
Weighted average remaining lease term (years)4.43.63.2
Weighted average discount rate4.60 %4.69 %5.68 %
Finance Leases
Weighted average remaining lease term (years)7.68.69.7
Weighted average discount rate6.92 %6.91 %6.91 %
A letter of credit for $1,250 was issued to the lessor of the Company's corporate headquarters building in October 2015, and is renewed annually and remains outstanding as of December 31, 2022.
The components of lease expense are as follows:
 Year EndedYear EndedYear Ended
 December 31, 2022December 31, 2021December 31, 2020
Operating lease cost$1,133 $1,052 $1,237 
 
Finance lease cost:
Amortization of right-of-use assets1,016 1,019 1,050 
Interest on lease liabilities735 792 844 
Total finance lease cost$1,751 $1,811 $1,894 
Short term lease expense was not significant for the twelve months ended December 31, 2022, 2021 and 2020.
Supplemental cash flow information related to leases was as follows:
Year EndedYear EndedYear Ended
December 31, 2022December 31, 2021December 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$845 $998 $1,236 
Operating cash flows for finance leases735 620 844 
Financing cash flows for finance leases899 792 664 
Right-of-use assets obtained in exchange for lease obligations:
Operating Leases— 3,752 1,421 
Finance Leases62 — 22 
Early termination of operating lease— — 2,743 
Supplemental balance sheet information related to leases was as follows:
As of December 31, 2022
As of December 31, 2021
Operating Leases
Operating lease right-of-use assets$3,787 $4,761 
Other current liabilities and current maturities of debt and leases 1,147 861 
Operating lease liabilities3,095 4,068 
Total operating lease liabilities$4,242 $4,929 
Finance Leases
Property and equipment, at cost$14,645 $14,607 
Accumulated depreciation(7,109)(6,116)
Property and equipment, net $7,536 $8,491 
Other current liabilities and current maturities of debt and leases $992 $895 
Finance lease liabilities9,147 10,082 
Total finance lease liabilities$10,139 $10,977 
Maturities of lease liabilities as of December 31, 2022 were as follows:
Operating LeasesFinance Leases
2023$1,160 $1,665 
20241,164 1,689 
2025920 1,638 
2026592 1,671 
2027609 1,703 
2028 and thereafter
259 4,824 
Total payments $4,704 $13,190 
Less imputed interest(462)(3,051)
Total lease liabilities$4,242 $10,139