Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.22.4
Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Lease Expense and Other Information Lease expense and other information consisted of the following for the year ended December 31, 2022 (in thousands, except terms and rates):
Year Ended December 31, 2022
Lease expense
Finance lease expense:
Amortization of right-of-use assets $ 8,486 
Interest on lease liabilities 923 
Operating lease expense 5,671 
Short-term lease expense 27 
Total lease expense $ 15,107 
Supplemental cash flow information
Finance leases:
Operating cash outflow from finance leases $ 923 
Financing cash outflow from finance leases $ 8,709 
Finance lease liabilities arising from obtaining finance lease right-of-use assets $ 6,655 
Operating leases:
Operating cash outflow from operating leases $ 4,556 
Operating lease liabilities arising from obtaining operating lease right-of-use assets $ 309 
Other information
Finance leases:
Weighted-average remaining lease term (years) 1.7
Weighted-average discount rate 8.2  %
Operating leases:
Weighted-average remaining lease term (years) 10.0
Weighted-average discount rate 3.9  %
Operating Lease Liability Maturity
Future maturities of remaining lease payments included in the measurement of operating lease as of December 31, 2022 are as follows (in thousands):
Years ending December 31,
2023 $ 5,545 
2024 5,562 
2025 5,701 
2026 5,843 
2027 5,989 
Thereafter 32,833 
Total 61,473 
Less: imputed interest (10,897)
Present value of operating lease obligations $ 50,576 
Finance Lease Liability Maturity
Future minimum lease payments for the Company’s finance leases as of December 31, 2022 were as follows (in thousands):
Years ending December 31,
2023 $ 7,776 
2024 4,442 
2025 2,032 
2026 — 
2027 — 
Thereafter — 
Total 14,250 
Less amounts representing interest (1,261)
Present value of finance lease obligations $ 12,989