Lease Obligations (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Summary of the lease-related assets and liabilities

The following is a summary of the lease-related assets and liabilities recorded:

		December 31, 2021		December 31, 2020
(in thousands)	Classification on the Consolidated Balance Sheet
Assets
Operating lease right-of-use assets	Operating lease right-of-use assets	$	20,971	$	22,291
Finance lease right-of-use assets	Property and equipment, net of accumulated depreciation	—		390
Total right-of-use lease assets		$	20,971	$	22,681
Liabilities
Current
Operating lease obligations	Current portion of operating lease obligations	$	7,765	$	6,612
Finance lease obligations	Current portion of finance lease obligations	—		318
Total current obligations		7,765		6,930
Non-current
Operating lease obligations	Operating lease obligations, net of current maturities	13,230		15,730
Total non-current obligations		13,230		15,730
Total lease obligations		$	20,995	$	22,660

Summary of the lease terms and discount rates

The following is a summary of the lease terms and discount rates:

	December 31, 2021		December 31, 2020
Weighted-average remaining lease term – finance leases	0.0 years		0.4 years
Weighted-average remaining lease term – operating leases	2.9 years		3.4 years
Weighted-average discount rate – finance leases	—	%	2.6	%
Weighted-average discount rate – operating leases	3.9	%	3.9	%

Schedule of lease costs

The following is a summary of certain information related to the lease costs for finance and operating leases:

	Year ended December 31,
(in thousands)	2021		2020
Lease cost:
Finance lease cost:
Amortization of right-of-use assets	$	—	$	883
Interest on lease liabilities	—		31
Operating lease cost	10,217		9,378
Variable lease costs	317		335
Total lease cost	$	10,534	$	10,627

Summary of supplemental cash flow information

The following is a summary of other information and supplemental cash flow information related to finance and operating leases:

	Year ended December 31,
(in thousands)	2021		2020
Other information:
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	10,451	$	9,237
Right-of-use asset obtained in exchange for new operating lease obligations	$	7,459	$	6,764

Schedule of future minimum operating lease payments

The future undiscounted minimum lease payments, as reconciled to the discounted minimum lease obligation indicated on the Company’s consolidated balance sheets, under current portion of operating lease obligations and operating lease obligations, net of current maturities, as of December 31, 2021 were as follows:

(in thousands)	Operating Lease Obligations
2022	$	9,826
2023	7,208
2024	4,149
2025	1,942
2026	1,047
Thereafter	10
Total minimum lease payments	24,182
Financing component	(3,187)
Net present value of minimum lease payments	20,995
Less: current portion of operating lease obligations	(7,765)
Long-term operating lease obligations	$	13,230