Leases (Tables)

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Schedule of Maturity of Finance Lease Liability

At June 30, 2022, the maturity of lease liabilities under Topic 842 "Leases" are as follows:

Year	Operating Leases		Financing Leases		Total
	(in thousands)
2022 (Remaining six months)	$	1,944	$	96	$	2,040
2023	3,495		158		3,653
2024	2,152		133		2,285
2025	1,509		19		1,528
2026	779		—		779
Thereafter	1,531		—		1,531
Total	11,410		406		11,816
Less: present value discount*	(1,329)		(26)		(1,355)
Present value of lease liabilities	10,081		380		10,461
Less: current portion of lease liabilities	(3,361)		(166)		(3,527)
Total long-term lease liabilities	$	6,720	$	214	$	6,934
* 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 June 30, 2022, the maturity of lease liabilities under Topic 842 "Leases" are as follows:

Year	Operating Leases		Financing Leases		Total
	(in thousands)
2022 (Remaining six months)	$	1,944	$	96	$	2,040
2023	3,495		158		3,653
2024	2,152		133		2,285
2025	1,509		19		1,528
2026	779		—		779
Thereafter	1,531		—		1,531
Total	11,410		406		11,816
Less: present value discount*	(1,329)		(26)		(1,355)
Present value of lease liabilities	10,081		380		10,461
Less: current portion of lease liabilities	(3,361)		(166)		(3,527)
Total long-term lease liabilities	$	6,720	$	214	$	6,934
* 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				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
	(in thousands)				(in thousands)
Operating Lease Cost	$	989	$	1,325	$	1,980	$	2,764
Finance Lease Cost:
Amortization of Lease Assets	46		59		94		98
Interest on Lease Liabilities	6		12		13		19
Finance Lease Cost	52		71		107		117
Sublease Income	(23)		(187)		(46)		(225)
Total Net Lease Cost	$	1,018	$	1,209	$	2,041	$	2,656

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:

	June 30, 2022
Weighted Average Lease Term - Operating Leases	4.2 years
Weighted Average Lease Term - Finance Leases	2.4 years
Weighted Average Discount Rate - Operating Leases	7.6	%
Weighted Average Discount Rate - Finance Leases	6.1	%

Schedule of Other Commitments

Such arrangements represent further commitments of approximately $24.2 million as follows:

Year	Commitments
	(in thousands)
2022 (Remaining six months)	$	8,121
2023	16,035
Thereafter	—
Total	$	24,156