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Leases (Tables)
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Summary of Components of Lease Expense

The components of lease expense were as follows:

 

 

 

For the Three Months Ended June 30,

 

 

Statement of Operations Location

2022

 

 

2021

 

Operating lease cost

 

 

 

 

 

 

Lease cost

Selling, general and administrative expense

$

2,500

 

 

$

2,236

 

Variable lease cost

Selling, general and administrative expense

 

190

 

 

 

114

 

Total operating lease cost

 

 

2,690

 

 

 

2,350

 

 

 

 

 

 

 

 

Finance lease cost

 

 

 

 

 

 

Amortization of right of use assets

Depreciation and amortization

 

1,012

 

 

 

848

 

Interest on lease liabilities

Interest expense—net

 

108

 

 

 

103

 

Total finance lease cost

 

 

1,120

 

 

 

951

 

   Total lease cost

 

$

3,810

 

 

$

3,301

 

 

 

 

 

 

 

 

 

 

For the Six Months Ended June 30,

 

 

Statement of Operations Location

2022

 

 

2021

 

Operating lease cost

 

 

 

 

 

 

Lease cost

Selling, general and administrative expense

$

4,951

 

 

$

4,336

 

Variable lease cost

Selling, general and administrative expense

 

557

 

 

 

215

 

Total operating lease cost

 

 

5,508

 

 

 

4,551

 

 

 

 

 

 

 

 

Finance lease cost

 

 

 

 

 

 

Amortization of right of use assets

Depreciation and amortization

 

1,951

 

 

 

1,643

 

Interest on lease liabilities

Interest expense—net

 

220

 

 

 

199

 

Total finance lease cost

 

 

2,171

 

 

 

1,842

 

   Total lease cost

 

$

7,679

 

 

$

6,393

 

Summary of Supplemental Cash Flow Information Related To Leases

Supplemental cash flows information related to leases was as follows:

 

 

 

For the Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

Operating cash flows used in operating leases

 

$

4,741

 

 

$

4,249

 

Operating cash flows used in finance leases

 

 

220

 

 

 

199

 

Financing cash flows used in finance leases

 

 

1,911

 

 

 

1,632

 

 

 

 

 

 

 

 

Lease liabilities arising from new ROU assets

 

 

 

 

 

 

Operating leases

 

 

10,478

 

 

 

5,305

 

Finance leases

 

 

1,273

 

 

 

1,928

 

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

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

 

 

 

June 30, 2022

 

 

 

Operating Leases

 

 

Finance Leases

 

Weighted average remaining lease term (years)

 

4.68

 

 

 

3.00

 

Weighted average discount rate

 

2.53%

 

 

4.85%

 

 

 

 

 

 

 

 

 

 

June 30, 2021

 

 

 

Operating Leases

 

 

Finance Leases

 

Weighted average remaining lease term (years)

 

5.11

 

 

 

2.95

 

Weighted average discount rate

 

 

2.57

%

 

 

5.10

%

 

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

 

$

4,816

 

 

$

2,077

 

2023

 

 

7,884

 

 

 

3,191

 

2024

 

 

6,246

 

 

 

2,132

 

2025

 

 

4,445

 

 

 

1,231

 

2026 and thereafter

 

 

8,400

 

 

 

672

 

Total undiscounted future minimum lease payments

 

 

31,791

 

 

 

9,303

 

Less imputed interest

 

 

(1,851

)

 

 

(642

)

Total discounted future minimum lease payments

 

$

29,940

 

 

$

8,661