XML 36 R18.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Leases | 7 Months Ended
--- | ---
Dec. 31, 2021
Leases [Abstract] |
Leases |
6. | Leases
The Company leases certain office spaces and vehicles. Leases with an initial term of twelve months or less are not recorded on the balance sheet. Most leases include renewal options, which can extend the lease term into the future. The Company determines the lease term by assuming options that are reasonably certain of being renewed will be exercised. Certain of the Company’s leases include rental payments adjusted for inflation. The right-of-use lease asset and lease liabilities are recorded on the Consolidated Balance Sheet. Operating lease expense was $0.7 million, for the period from inception (May 19, 2021) to December 31, 2021. The following table presents the maturity of our operating lease liabilities as of December 31, 2021:
|  | December 31, 2021 |
|  | (In thousands) |
Future lease payments by year: |  |  |  |
2022 |  | $ | 1,090 |
2023 |  |  | 961 |
2024 |  |  | 835 |
2025 |  |  | 530 |
2026 |  |  | 551 |
Thereafter |  |  | 5,110 |
Total |  |  | 9,077 |
Less: present value discount |  |  | (1,900 | )
Present value of lease liabilities |  | $ | 7,177 |
Weighted-average remaining lease term (in years): |  |  |  |
Operating leases |  |  | 11.49 |
Weighted-average discount rate: |  |  |  |
Operating leases |  |  | 3.9 | %

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration