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Leases (Tables)
9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Schedule of Right-of-Use Assets and the Corresponding Lease Liabilities Information regarding the Company's right-of-use assets and the corresponding lease liabilities are as follows:

 

 

September 30,
2022

 

 

December 31,
2021

 

(In thousands)

 

 

 

 

 

 

Right-of-use assets

 

$

6,907

 

 

$

5,877

 

Lease liabilities

 

 

7,163

 

 

 

6,177

 

Schedule of Rent Expenses The Company’s rent expense is as follows:

 

Three months ended

 

 

Nine months ended

 

 

September 30,

 

 

September 30,

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

Operating lease expense

$

819

 

 

$

768

 

 

$

2,517

 

 

$

2,420

 

Variable and short-term lease expense

 

37

 

 

 

38

 

 

 

140

 

 

 

115

 

Rent expense

$

856

 

 

$

806

 

 

$

2,657

 

 

$

2,535

 

Schedule of Future Minimum Lease Payments to be Paid under Operating Leases The future minimum lease payments to be paid under operating leases are as follows:

 

 

September 30,
2022

 

(In thousands)

 

 

 

2022 (remaining three months)

 

$

592

 

2023

 

 

2,341

 

2024

 

 

1,978

 

2025

 

 

1,795

 

2026

 

 

714

 

Thereafter

 

 

801

 

Total future lease payments

 

 

8,221

 

Present value adjustment

 

 

(1,058

)

Present value of future lease payments

 

$

7,163