Leases |
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Disclosure Text Block [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Leases |
4. Leases
All leases were classified as operating leases as of June 30, 2022 and June 30, 2021.
Components of operating lease expense were as follows (in thousands):
Supplemental information related to operating leases was as follows (in thousands):
As of June 30, 2022, the Company's operating leases had a weighted average remaining lease term of 4.0 years and a weighted average discount rate of 4.5%. Future lease payments under operating leases as of June 30, 2022 were as follows (in thousands):
As of June 30, 2022, the Company has entered into leases that have not yet commenced with future lease payments of $2.3 million that are not yet recorded on the Condensed Consolidated Balance Sheet. These leases will commence between the third and fourth quarter of 2022 with non-cancelable lease terms of five years.
Supplemental Information for Comparative Periods
As of December 31, 2021, prior to the adoption of ASU 2016-02, future minimum payments under operating leases were as follows (in thousands):
During the twelve months ended December 31, 2021, rent expense was $13.6 million. |