LEASES

3 Months Ended

Mar. 31, 2022

LEASES

LEASES

13.    LEASES

The Company has operating leases for office space, manufacturing equipment, computer equipment and automobiles. Many leases include one or more options to renew, some of which include options to extend the leases for a long-term period, and some leases include options to terminate the leases within 30 days. In certain of the Company’s lease agreements, the rental payments are adjusted periodically to reflect actual charges incurred for capital area maintenance, utilities, inflation and/or changes in other indexes.

Supplemental cash flow information related to the Company’s operating and finance leases for the three months ended March 31, 2022 and 2021 was as follows (in thousands):

	March 31,
	2022		2021
Cash paid for amounts included in the measurement of operating leases	$	1,185	$	1,339
Cash paid for amounts included in the measurement of finance lease obligations	$	73	$	—
Right of use assets obtained in exchange for operating lease obligations	$	875	$	1,553
Right of use assets obtained in exchange for finance lease obligations	$	9,471	$	—

The Company’s finance lease obligations relate to a manufacturing facility. As of March 31, 2022, finance lease assets of $9,313 are included in property, plant and equipment, net, finance lease obligations of $318 are included in accrued liabilities, and $9,303 are included in long-term debt on the condensed consolidated balance sheet.

The following table presents the maturity of the Company’s operating and finance lease liabilities as of March 31, 2022 (in thousands):

	Operating Leases		Finance Leases
Remainder of 2022	$	3,184	$	551
2023		2,776		799
2024		2,302		815
2025		1,495		831
2026		877		848
2027		669		867
Thereafter		3,376		8,771
Total undiscounted cash flows	$	14,679	$	13,482
Less: present value discount		(860)		(3,861)
Total lease liabilities	$	13,819	$	9,621

As of March 31, 2022, the Company has entered into leases with future minimum lease payments of $7,300 that has not yet commenced.

The Company leases certain facilities from companies for which a member of management is a part owner. In connection with such leases, the Company made fixed minimum lease payments to the lessor of $167 during the three months ended March 31, 2022 and is obligated to make payments of $904 during the remainder of 2022. Future fixed minimum lease payments under these leases as of March 31, 2022 are $7,793.