Leases |
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Leases | Leases Our leases have remaining lease terms of 2 to 9 years. Certain of these leases have free or escalating rent payment provisions. We recognize lease expense on a straight-line basis over the terms of the leases, although actual cash payment obligations under certain of these agreements fluctuate over the terms of the agreements. Most leases include options to renew, and the exercise of these options is at our discretion. Total operating lease expenses were $1.9 million and $2.2 million for the three months ended June 30, 2021 and 2020, $3.8 million and $4.3 million for the six months ended June 30, 2021 and 2020, respectively and sublease income was immaterial for both periods. The following table summarizes the lease-related assets and liabilities recorded on the Condensed Consolidated Balance Sheets as of the dates presented below (in thousands):
Supplemental information related to leases are as follows (dollars in thousands):
As of June 30, 2021, maturities of operating lease liabilities are as follows (in thousands):
____________ (1)Noncancellable sublease income for the remainder of 2021 and years ending December 31, 2022 and 2023 of $0.6 million, $0.4 million, and $0.4 million, respectively, is not included in the table above.
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