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Leases
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Leases Leases
Operating lease cost is recognized on a straight-line basis over the lease term. Finance lease cost is recognized as a combination of the amortization expense for the ROU assets and interest expense for the outstanding lease liabilities, and results in a front-loaded expense pattern over the lease term. The components of lease cost are as follows:
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Operating lease cost$1,923 $624 $3,300 $1,254 
Finance lease cost - amortization of right-of-use assets43 — 87 — 
Finance lease cost - interest on lease liabilities— — 
Total lease cost$1,971 $624 $3,396 $1,254 
No sublease income was recognized for the six months ended June 30, 2022 and 2021. Short-term and variable lease expenses are not material to the Company’s condensed financial statements.
As of June 30, 2022, a weighted average discount rate of 3.03% and 2.24% has been applied to the remaining operating and finance lease payments, respectively, to calculate the lease liabilities included within the condensed consolidated balance sheet. The weighted average remaining lease term of operating and finance leases is 5.0 and 5.8 years, respectively, as of June 30, 2022.
As of June 30, 2022, the maturities of lease liabilities under operating and finance leases were as follows:

Operating leasesFinance leasesTotal
2022 (Remaining 6 months)$3,206 $105 $3,311 
20236,136 140 6,276 
20246,189 145 6,334 
20254,839 149 4,988 
20265,046 153 5,199 
Thereafter4,982 199 5,181 
Total minimum lease payments$30,398 $891 $31,289 
Less: imputed interest(2,244)(53)(2,297)
Total present value of lease liabilities$28,154 $838 $28,992 
Leases Leases
Operating lease cost is recognized on a straight-line basis over the lease term. Finance lease cost is recognized as a combination of the amortization expense for the ROU assets and interest expense for the outstanding lease liabilities, and results in a front-loaded expense pattern over the lease term. The components of lease cost are as follows:
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Operating lease cost$1,923 $624 $3,300 $1,254 
Finance lease cost - amortization of right-of-use assets43 — 87 — 
Finance lease cost - interest on lease liabilities— — 
Total lease cost$1,971 $624 $3,396 $1,254 
No sublease income was recognized for the six months ended June 30, 2022 and 2021. Short-term and variable lease expenses are not material to the Company’s condensed financial statements.
As of June 30, 2022, a weighted average discount rate of 3.03% and 2.24% has been applied to the remaining operating and finance lease payments, respectively, to calculate the lease liabilities included within the condensed consolidated balance sheet. The weighted average remaining lease term of operating and finance leases is 5.0 and 5.8 years, respectively, as of June 30, 2022.
As of June 30, 2022, the maturities of lease liabilities under operating and finance leases were as follows:

Operating leasesFinance leasesTotal
2022 (Remaining 6 months)$3,206 $105 $3,311 
20236,136 140 6,276 
20246,189 145 6,334 
20254,839 149 4,988 
20265,046 153 5,199 
Thereafter4,982 199 5,181 
Total minimum lease payments$30,398 $891 $31,289 
Less: imputed interest(2,244)(53)(2,297)
Total present value of lease liabilities$28,154 $838 $28,992