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Leases (Tables)
6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Schedule of Operating and Finance Lease Terms and Discount Rates
The table below presents certain information related to the weighted average discount rate and weighted average remaining lease term for the Company’s leases as of June 30, 2023 and December 31, 2022:
June 30,December 31,
(In thousands)20232022
Weighted average discount rate - operating leases4.3 %4.2 %
Weighted average discount rate - finance leases8.3 %6.1 %
Weighted average remaining lease term in years - operating leases6.77.2
Weighted average remaining lease term in years - finance leases4.52.0
Schedule of Lease Expense
The components of lease expense for the three and six months ended June 30, 2023 and 2022 were as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
(In thousands)2023202220232022
Operating lease costs$898 $929 $1,795 $1,836 
Short-term lease costs448 519 850 986 
Total operating lease costs1,346 1,448 2,645 2,822 
   
Variable lease costs345 254 604 559 
Total lease costs$1,691 $1,702 $3,249 $3,381 
Schedule of Maturities of Operating Lease Liabilities
Maturities of our lease liabilities as of June 30, 2023 are as follows:
(In thousands)Operating
Leases
Financing
Leases
2023 (6 months remaining)$1,768 $275 
20243,405 487 
20252,960 424 
20262,534 389 
20272,280 387 
Thereafter6,938 134 
Total lease payments19,885 2,096 
Less: interest(2,582)(340)
Total present value of lease liabilities$17,303 $1,756 
Schedule of Maturities of Finance Lease Liabilities
Maturities of our lease liabilities as of June 30, 2023 are as follows:
(In thousands)Operating
Leases
Financing
Leases
2023 (6 months remaining)$1,768 $275 
20243,405 487 
20252,960 424 
20262,534 389 
20272,280 387 
Thereafter6,938 134 
Total lease payments19,885 2,096 
Less: interest(2,582)(340)
Total present value of lease liabilities$17,303 $1,756