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

19.Leases

The Company has operating and finance leases for office space, equipment and vehicles. Leases recorded on the balance sheet consists of the following:

    

December 31,

December 31,

Leases

2021

2020

Assets

Operating lease right-of-use assets, net (1)

$

14,686

$

18,874

Financing lease right-of-use assets, net (2)

 

14,561

 

12,858

Total assets

$

29,247

$

31,732

Liabilities

 

  

 

  

Current

 

  

 

  

Operating

$

3,857

$

4,989

Financing

 

3,406

 

3,901

Total current

 

7,263

 

8,890

Noncurrent

 

  

 

  

Operating

 

11,637

 

14,537

Financing

 

10,908

 

8,376

Total noncurrent

 

22,545

 

22,913

Total liabilities

$

29,808

$

31,803

(1)Operating lease right-of-use assets are recorded net of accumulated amortization of  $9.5 million and $9.0 million as of December 31, 2021 and 2020, respectively.
(2)Financing lease right-of-use assets are recorded net of accumulated amortization of $2.7 million and $6.4 million as of December 31, 2021 and 2020, respectively.

Other information related to lease term and discount rate is as follows:

December 31,

 

December 31,

 

2021

 

2020

 

Weighted Average Remaining Lease Term (in years)

  

  

Operating leases

4.90

5.25

Financing leases

4.70

4.96

Weighted Average Discount Rate

Operating leases

4.75

%

4.73

%

Financing leases

4.28

%

4.46

%

The components of lease expense are as follows:

Year Ended December 31,

    

2021

    

2020

 

2019

Operating lease costs:

 

  

 

  

  

Operating lease cost

$

5,814

$

6,430

$

6,930

Short-term lease cost (1)

 

1,607

 

3,871

 

2,001

Financing lease costs:

 

  

 

  

 

  

Interest on lease liabilities

 

491

 

548

 

362

Amortization of right-of-use assets

 

2,822

 

3,324

 

2,312

Total lease cost

$

10,734

$

14,173

$

11,605

(1)Includes expenses related to leases with a lease term of more than one month but less than one year.

Supplemental cash flow information related to leases is as follows:

Year Ended December 31,

2021

2020

 

2019

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

Operating cash flows for operating leases

$

5,666

$

6,262

$

6,887

Operating cash flows for finance leases

$

491

$

548

$

362

Financing cash flows for finance leases

$

3,035

$

3,619

$

2,906

Non-cash activity:

 

 

  

 

  

ROU assets obtained in exchange for new operating lease liabilities

$

1,567

$

7,829

$

25,743

ROU assets obtained in exchange for new financing lease liabilities

$

7,318

$

11,270

$

1,021

Maturities of lease liabilities are summarized as follows:

Operating Leases

Finance Leases

Year ending December 31,

2022

$

4,495

$

3,990

2023

 

3,666

 

3,134

2024

 

2,838

 

2,574

2025

 

2,354

 

1,968

2026

 

1,730

 

2,105

Thereafter

 

2,359

 

2,322

Total future minimum lease payments

 

17,442

 

16,093

Less - amount representing interest

 

1,948

 

1,779

Present value of future minimum lease payments

 

15,494

 

14,314

Less - current lease obligations

 

3,857

 

3,406

Long-term lease obligations

$

11,637

$

10,908