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Leases (Tables)
3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Summary of Components of Lease Expense

The components of lease expense were as follows:

 

 

 

For the Three Months Ended March 31,

 

 

 

Statement of Operations Location

2022

 

 

2021

 

 

Operating lease cost

 

 

 

 

 

 

 

Lease cost

Selling, general and administrative expense

$

2,451

 

 

$

2,100

 

 

Variable lease cost

Selling, general and administrative expense

 

367

 

 

 

101

 

 

Total operating lease cost

 

 

2,818

 

 

 

2,201

 

 

 

 

 

 

 

 

 

 

Finance lease cost

 

 

 

 

 

 

 

Amortization of right of use assets

Depreciation and amortization

 

939

 

 

 

795

 

 

Interest on lease liabilities

Interest expense—net

 

112

 

 

 

96

 

 

Total finance lease cost

 

 

1,051

 

 

 

891

 

 

   Total lease cost

 

$

3,869

 

 

$

3,092

 

 

Summary of Supplemental Cash Flow Information Related To Leases

Supplemental cash flows information related to leases was as follows:

 

 

 

Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

Operating cash flows used in operating leases

 

$

2,302

 

 

$

1,994

 

Operating cash flows used in finance leases

 

 

112

 

 

 

97

 

Financing cash flows used in finance leases

 

 

944

 

 

 

699

 

 

 

 

 

 

 

 

Lease liabilities arising from new ROU assets

 

 

 

 

 

 

Operating leases

 

 

8,815

 

 

 

60

 

Finance leases

 

 

512

 

 

 

736

 

Summary of Weighted Average Remaining Lease Terms and Weighted Average Discount Rates

Weighted average remaining lease terms and weighted average discount rates were:

 

 

 

Three Months Ended March 31, 2022

 

 

 

Operating Leases

 

 

Finance Leases

 

Weighted average remaining lease term (years)

 

4.86

 

 

 

3.03

 

Weighted average discount rate

 

 

2.50

%

 

 

4.98

%

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2021

 

 

 

Operating Leases

 

 

Finance Leases

 

Weighted average remaining lease term (years)

 

5.18

 

 

 

2.83

 

Weighted average discount rate

 

 

2.62

%

 

 

5.08

%

Schedule of Maturities of Lease Liabilities

The following is a schedule by year of the maturities of lease liabilities with original terms in excess of one year:

 

 

 

Operating Leases

 

 

Finance Leases

 

Remainder of 2022

 

$

7,075

 

 

$

2,994

 

2023

 

 

7,335

 

 

 

2,995

 

2024

 

 

5,656

 

 

 

1,982

 

2025

 

 

4,075

 

 

 

1,083

 

2026 and thereafter

 

 

8,302

 

 

 

484

 

Total undiscounted future minimum lease payments

 

 

32,443

 

 

 

9,538

 

Less imputed interest

 

 

(1,947

)

 

 

(689

)

Total discounted future minimum lease payments

 

$

30,496

 

 

$

8,849