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Leases
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Leases Leases
The Company has operating leases for office facilities. These operating leases expire at various dates through 2026 with options to renew at the Company’s discretion. The Company does not currently plan to exercise renewal options.
The components of lease expense for the year ended December 31, 2021 were as follows:
(In thousands)Classification20212020
Operating fixed lease costSelling, general and administrative expenses$1,596 $2,127 
Operating variable lease costSelling, general and administrative expenses164 238 
Total lease cost$1,760 $2,365 
Lease expense for the year ended December 31, 2021 contained a nominal amount of expense related to short-term leases and 2020 contained $0.4 million of expense related to short-term leases. Variable lease expense for both years includes excess common area maintenance, electricity, and taxes.
Other information related to leases was as follows:
(In thousands)20212020
Supplemental cash flow
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$1,467$2,496 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$1,305$4,096 
Weighted average remaining lease term (years):
Operating leases2.542.24
Weighted average discount rate:
Operating leases6.50 %6.50 %
Future minimum lease payments under non-cancellable leases as of December 31, 2021 were as follows:
(In thousands)Operating Leases
2022$1,242 
2023674 
2024599 
2025138 
202612 
Thereafter— 
Total future minimum lease payments2,665 
Less imputed interest(223)
Total$2,442 
Reported as of December 31, 2021:
Accrued expenses and other liabilities$1,120 
Operating lease liabilities1,322 
Total$2,442 
The Company subleases two of its office facilities to third parties under the same terms and conditions as the original lease agreements and has elected the practical expedient to combine lease and non-lease components as a single lease component under ASC Topic 842 guidance.
For the years ended December 31, 2021 and 2020, the Company wrote-off sublease receivables totaling $0.2 million and $0.3 million, respectively, against sublease income due to the Subtenants inability to pay.
Sublease income for the year ended December 31, 2021 was as follows:
(In thousands)20212020
Sublease income
Fixed$682 $709 
Variable3 5 
Total sublease income$685 $714 
The undiscounted cash flows for contractual subleases as of December 31, 2021 were as follows (in thousands):
2022$824 
2023130 
2024134 
2025138 
202612 
Thereafter— 
Total$1,238 
Leases Leases
The Company has operating leases for office facilities. These operating leases expire at various dates through 2026 with options to renew at the Company’s discretion. The Company does not currently plan to exercise renewal options.
The components of lease expense for the year ended December 31, 2021 were as follows:
(In thousands)Classification20212020
Operating fixed lease costSelling, general and administrative expenses$1,596 $2,127 
Operating variable lease costSelling, general and administrative expenses164 238 
Total lease cost$1,760 $2,365 
Lease expense for the year ended December 31, 2021 contained a nominal amount of expense related to short-term leases and 2020 contained $0.4 million of expense related to short-term leases. Variable lease expense for both years includes excess common area maintenance, electricity, and taxes.
Other information related to leases was as follows:
(In thousands)20212020
Supplemental cash flow
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$1,467$2,496 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$1,305$4,096 
Weighted average remaining lease term (years):
Operating leases2.542.24
Weighted average discount rate:
Operating leases6.50 %6.50 %
Future minimum lease payments under non-cancellable leases as of December 31, 2021 were as follows:
(In thousands)Operating Leases
2022$1,242 
2023674 
2024599 
2025138 
202612 
Thereafter— 
Total future minimum lease payments2,665 
Less imputed interest(223)
Total$2,442 
Reported as of December 31, 2021:
Accrued expenses and other liabilities$1,120 
Operating lease liabilities1,322 
Total$2,442 
The Company subleases two of its office facilities to third parties under the same terms and conditions as the original lease agreements and has elected the practical expedient to combine lease and non-lease components as a single lease component under ASC Topic 842 guidance.
For the years ended December 31, 2021 and 2020, the Company wrote-off sublease receivables totaling $0.2 million and $0.3 million, respectively, against sublease income due to the Subtenants inability to pay.
Sublease income for the year ended December 31, 2021 was as follows:
(In thousands)20212020
Sublease income
Fixed$682 $709 
Variable3 5 
Total sublease income$685 $714 
The undiscounted cash flows for contractual subleases as of December 31, 2021 were as follows (in thousands):
2022$824 
2023130 
2024134 
2025138 
202612 
Thereafter— 
Total$1,238