Leases (Tables)

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Schedule of Maturity of Finance Lease Liability

At March 31, 2022, the maturity of lease liabilities under Topic 842 "Leases" are as follows:

Year	Operating Leases		Financing Leases		Total
	(in thousands)
2022 (Remaining nine months)	$	2,864	$	150	$	3,014
2023	3,371		158		3,529
2024	2,002		133		2,135
2025	1,356		19		1,375
2026	583		—		583
Thereafter	1,083		—		1,083
Total	11,259		460		11,719
Less: present value discount*	(1,049)		(32)		(1,081)
Present value of lease liabilities	10,210		428		10,638
Less: current portion of lease liabilities	(3,366)		(178)		(3,544)
Total long-term lease liabilities	$	6,844	$	250	$	7,094
* The discount rate used was the incremental borrowing rates respective to the country where the assets are located.

Schedule of Maturity of Operating Lease Liability

At March 31, 2022, the maturity of lease liabilities under Topic 842 "Leases" are as follows:

Year	Operating Leases		Financing Leases		Total
	(in thousands)
2022 (Remaining nine months)	$	2,864	$	150	$	3,014
2023	3,371		158		3,529
2024	2,002		133		2,135
2025	1,356		19		1,375
2026	583		—		583
Thereafter	1,083		—		1,083
Total	11,259		460		11,719
Less: present value discount*	(1,049)		(32)		(1,081)
Present value of lease liabilities	10,210		428		10,638
Less: current portion of lease liabilities	(3,366)		(178)		(3,544)
Total long-term lease liabilities	$	6,844	$	250	$	7,094
* The discount rate used was the incremental borrowing rates respective to the country where the assets are located.

Schedule of Lease, Cost

The lease cost is recognized in our condensed consolidated statements of income in the category of general and administrative and is summarized as follows:

	Three Months Ended
	March 31,
	2022		2021
	(in thousands)
Operating Lease Cost	$	991	$	1,439
Finance Lease Cost:
Amortization of Lease Assets	48		39
Interest on Lease Liabilities	7		7
Finance Lease Cost	55		46
Sublease Income	(23)		(38)
Total Net Lease Cost	$	1,023	$	1,447

Schedule of Other Operating and Finance Lease Information

Other information about lease amounts recognized in our condensed consolidated statement of income is summarized as follows:

	March 31, 2022
Weighted Average Lease Term - Operating Leases	4.1 years
Weighted Average Lease Term - Finance Leases	2.6 years
Weighted Average Discount Rate - Operating Leases	7.0	%
Weighted Average Discount Rate - Finance Leases	6.3	%

Schedule of Other Commitments

Such arrangements represent further commitments of approximately $29.4 million as follows:

Year	Commitments
	(in thousands)
2022 (Remaining nine months)	$	12,704
2023	16,723
Thereafter	—
Total	$	29,427