XML 37 R27.htm IDEA: XBRL DOCUMENT v3.22.2
Leases (Tables)
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Components of lease expenses , lease assets and liabilities

The components of lease expense were as follows:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

(in thousands)

2022

 

 

2021

 

 

2022

 

 

2021

 

Finance lease cost:

 

 

 

 

 

 

 

 

 

 

 

Amortization of right-of-use assets (included in depreciation expense)

$

24

 

 

$

202

 

 

$

48

 

 

$

396

 

Interest on lease liabilities

 

7

 

 

 

83

 

 

 

15

 

 

 

175

 

Operating lease cost

 

4,425

 

 

 

3,802

 

 

 

8,699

 

 

 

7,596

 

Short-term lease cost

 

64

 

 

 

101

 

 

 

144

 

 

 

191

 

Variable lease cost

 

473

 

 

 

447

 

 

 

942

 

 

 

914

 

Total lease cost

$

4,993

 

 

$

4,635

 

 

$

9,848

 

 

$

9,272

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended

 

(in thousands)

 

June 30,
2022

June 30,
2021

 

Other information:

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

Operating cash flows used for finance lease

 

$

15

 

 

$

194

 

Operating cash flows used for operating leases

 

$

9,328

 

 

$

8,372

 

Financing cash flows used for finance lease

 

$

82

 

 

$

793

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

$

10,683

 

 

$

15,819

 

The lease assets and liabilities as of June 30, 2022 and December 31, 2021 were as follows (in thousands):

 

 

 

June 30,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Finance lease right-of-use assets (included in other assets)

 

$

712

 

 

$

760

 

Operating lease right-of-use assets

 

$

98,580

 

 

$

99,158

 

Finance lease liability, current (included in current installments of long-term debt)

 

$

169

 

 

$

165

 

Finance lease liability, noncurrent (included in long-term debt)

 

$

443

 

 

$

529

 

Operating lease liabilities, current (included in accrued liabilities)

 

$

12,359

 

 

$

13,465

 

Operating lease liabilities, noncurrent

 

$

90,936

 

 

$

90,878

 

Weighted average remaining lease term – finance leases

 

3.4 years

 

 

3.9 years

 

Weighted average remaining lease term – operating leases

 

10.1 years

 

 

10.0 years

 

Weighted average discount rate – finance leases

 

 

4.8

%

 

 

4.8

%

Weighted average discount rate – operating leases

 

 

4.1

%

 

 

4.1

%

Future annual minimum lease payments and finance lease commitments

Future annual minimum lease payments and finance lease commitments as of June 30, 2022 were as follows (in thousands):

 

Year ending December 31,

 

Operating
Leases

 

 

Finance
Leases

 

2022 (remaining six months)

 

 

7,607

 

 

 

97

 

2023

 

 

14,639

 

 

 

194

 

2024

 

 

13,280

 

 

 

194

 

2025

 

 

12,756

 

 

 

178

 

2026

 

 

11,393

 

 

 

 

2027 and thereafter

 

 

67,718

 

 

 

 

Total minimum lease payments

 

$

127,393

 

 

$

663

 

Less: imputed interest

 

 

(24,098

)

 

 

(51

)

Present value of lease liabilities

 

$

103,295

 

 

$

612