LEASES

9 Months Ended

Sep. 30, 2022

LEASES

LEASES

14.    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 nine months ended September 30, 2022 and 2021 was as follows (in thousands):

	September 30,
	2022		2021
Cash paid for amounts included in the measurement of operating leases	$	3,884	$	3,988
Cash paid for amounts included in the measurement of finance lease obligations	$	562	$	—
Right of use ("ROU") assets obtained in exchange for operating lease obligations	$	8,133	$	2,224
ROU assets obtained in acquisitions for operating lease obligations (Note 2)	$	5,053	$	—
ROU assets obtained in exchange for finance lease obligations	$	9,471	$	—

The Company’s finance lease obligations relate to a manufacturing facility. As of September 30, 2022, finance lease assets of $8,997 are included in property, plant and equipment, net, finance lease obligations of $263 are included in accrued liabilities, and $9,215 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 September 30, 2022 (in thousands):

	Operating Leases		Finance Leases
Remainder of 2022	$	1,513	$	184
2023		4,663		799
2024		3,951		815
2025		3,179		831
2026		2,608		848
2027		2,456		867
Thereafter		6,253		8,769
Total undiscounted cash flows	$	24,623	$	13,113
Less: present value discount		(2,590)		(3,635)
Total lease liabilities	$	22,033	$	9,478

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 $208 and $694 during the three and nine months ended September 30, 2022 and is obligated to make payments of $205 during the remainder of 2022. Future fixed minimum lease payments under these leases as of September 30, 2022 are $6,508.