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Leases | 9 Months Ended
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Sep. 30, 2022
Leases [Abstract] |
Leases | LEASES We have operating lease arrangements for corporate offices, cellular towers, storage units and small building space. The building space is used to house infrastructure, such as transmitters, antennae and other various equipment for the Company’s wireless paging services. For leases with a term of 12 months or less, renewal terms are generally of an evergreen nature (either month-to-month or year-to-year). For leases with a term greater than 12 months, renewal terms are generally explicit and provide for one to five optional renewals consistent with the initial term. Many of our leases, with the exception of those for our corporate offices, include options to terminate the lease within one year. Variable lease payments, residual value guarantees or purchase options are not generally present in these leases. In May 2022, we extended twenty-three site leases on a Master License Agreement which included a term of 10 years with an option to terminate within 45 days of notification of termination. At that time, we recorded a $2.9 million right-of-use asset and a corresponding operating lease liability for these leases. Lease costs are included in technology operations and general and administrative expenses in the Condensed Consolidated Statements of Operations. The following table presents lease costs disaggregated by type:
|  | For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
(Dollars in thousands) |  | 2022 |  | 2021 |  | 2022 |  | 2021
Operating lease cost |  | $ | 1,965 |  |  | $ | 1,651 |  |  | $ | 4,828 |  |  | $ | 4,612 |
Short-term lease cost |  | 2,490 |  |  | 2,563 |  |  | 7,569 |  |  | 7,946 |
Total lease cost |  | $ | 4,455 |  |  | $ | 4,214 |  |  | $ | 12,397 |  |  | $ | 12,558 |
The following table presents supplemental cash flow information:
|  |  |  | For the Nine Months Ended September 30,
(Dollars in thousands) |  |  |  |  |  | 2022 |  | 2021
Cash paid for amounts included in the measurement of lease liabilities - operating leases |  |  |  |  |  | $ | 4,340 |  | $ | 4,125
The following table presents the weighted average remaining lease term and discount rate:
|  | September 30, |  |  |  |  |
(Dollars in thousands) |  | 2022 |  | 2021 |  |  |  |  |
Weighted average remaining lease term - operating leases (in years) |  | 5.00 |  | 4.82 |  |  |  |  |
Weighted average discount rate - operating leases |  | 4.36% |  | 4.53% |  |  |  |  |
Maturities of lease liabilities as of September 30, 2022, were as follows:
For the Year Ended December 31, |  | (Dollars in thousands)
2022 (remaining three months) |  | $ | 1,337 |
2023 |  | 4,966 |
2024 |  | 4,081 |
2025 |  | 3,059 |
2026 |  | 2,607 |
Thereafter |  | 4,226 |
Total future lease payments |  | 20,276 |
Imputed interest |  | (2,161) |
Total |  | $ | 18,115 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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