Leases (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of Supplemental Balance Sheet Information Related to Leases

Information related to leases included in the Condensed Consolidated Balance Sheets is as follows (in thousands, except lease term and discount rate):


Operating leases:	September 30, 2022		December 31, 2021
Operating lease right-of-use assets	$	55,405	$	58,097
Accumulated amortization	(14,085)		(12,383)
Operating lease right-of-use assets, net	$	41,320	$	45,714

Current maturities of operating leases	$	3,061	$	3,149
Non-current maturities of operating leases	40,915		44,869
Total operating lease liabilities	$	43,976	$	48,018

Finance leases:
Property and equipment, at cost	$	5,861	$	6,759
Accumulated amortization	(2,166)		(2,105)
Property and equipment, net	$	3,695	$	4,654

Current maturities of finance leases	$	469	$	528
Non-current maturities of finance leases	3,450		4,374
Total finance lease liabilities	$	3,919	$	4,902

Weighted average remaining lease term (in years):
Operating leases	12.2		12.5
Finance leases	8.1		8.8

Weighted average discount rate:
Operating leases	5.9%		5.8%
Finance leases	2.1%		2.0%

Summary of Lease Costs

A summary of lease expenses for our finance and operating leases included in General, administrative, and marketing expenses on our Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income is as follows (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Amortization of property and equipment	$	127	$	190	$	395	$	500
Interest expense on finance leases	22		27		69		85
Total finance lease expense	149		217		464		585
Operating lease expense	1,853		1,989		5,656		5,566
Sublease income	(92)		(92)		(275)		(308)
Total lease expense	$	1,910	$	2,114	$	5,845	$	5,843

A summary of our cash flow information related to leases is as follows (in thousands):


	Nine Months Ended September 30,
Cash paid for amounts included in the measurement of lease liabilities:	2022		2021
Operating cash flows for operating leases	$	4,939	$	4,536
Financing cash flows for finance leases	346		446
Operating cash flows for finance leases	62		82

Lessee, Operating Lease, Liability, Maturity

Future minimum lease payments and sublease rental income are as follows (in thousands):


	Finance Leases		Operating Leases		Sublease Income
Remainder of 2022	$	120	$	660	$	31
2023	549		5,624		—
2024	545		6,252		—
2025	525		5,173		—
2026	508		4,719		—
Thereafter	2,000		40,986		—
Total minimum lease payments	$	4,247	$	63,414	$	31
Less amount representing interest	(328)		(19,438)
Present value of net minimum lease payments	3,919		43,976
Less current maturities	(469)		(3,061)
Lease liabilities, less current maturities	$	3,450	$	40,915

Finance Lease, Liability, Fiscal Year Maturity

Future minimum lease payments and sublease rental income are as follows (in thousands):


	Finance Leases		Operating Leases		Sublease Income
Remainder of 2022	$	120	$	660	$	31
2023	549		5,624		—
2024	545		6,252		—
2025	525		5,173		—
2026	508		4,719		—
Thereafter	2,000		40,986		—
Total minimum lease payments	$	4,247	$	63,414	$	31
Less amount representing interest	(328)		(19,438)
Present value of net minimum lease payments	3,919		43,976
Less current maturities	(469)		(3,061)
Lease liabilities, less current maturities	$	3,450	$	40,915