Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.23.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Lease Expense and Other Information
Lease expense and other information consisted of the following for the three months ended March 31, 2023 and 2022 (in thousands, except terms and rates):
Three Months Ended March 31, 2023 Three Months Ended March 31, 2022
Lease expense
Finance lease expense:
Amortization of right-of-use assets $ 1,939  $ 2,233 
Interest on lease liabilities 273  204 
Operating lease expense 1,423  1,417 
Short-term lease expense 6  9 
Total lease expense $ 3,641  $ 3,863 
Supplemental cash flow information
Finance leases:
Operating cash outflow from finance leases $ 273  $ 204 
Financing cash outflow from finance leases $ 1,960  $ 2,176 
Finance lease liabilities arising from obtaining finance lease right-of-use assets $ 1,928  $ 2,027 
Operating leases:
Operating cash outflow from operating leases $ 1,385  $ 841 
Operating lease liabilities arising from obtaining operating lease right-of-use assets $ 154  $ — 
Other information as of March 31, 2023
Finance leases:
Weighted-average remaining lease term (years) 2.0
Weighted-average discount rate lease term 9.1  %
Operating leases:
Weighted-average remaining lease term (years) 9.8
Weighted-average discount rate lease term 3.9  %
Operating Lease Liability Maturity
Future maturities of remaining lease payments included in the measurement of operating lease as of March 31, 2023 are as follows (in thousands):
Years ending December 31,
Remaining 2023 $ 4,188 
2024 5,574 
2025 5,701 
2026 5,843 
2027 5,989 
Thereafter 32,834 
Total 60,129 
Less imputed interest (10,414)
Present value of operating lease obligations $ 49,715 
Finance Lease Liability Maturity
Future minimum lease payments for the Company’s finance leases as of March 31, 2023 were as follows (in thousands):
Years ending December 31,
Remaining 2023 $ 6,132 
2024 5,228 
2025 2,718 
2026 292 
2027 — 
Thereafter — 
Total 14,370 
Less amounts representing interest (1,413)
Present value of finance lease obligations $ 12,957