XML 44 R32.htm IDEA: XBRL DOCUMENT
v3.22.4

LEASES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
LEASES |
Schedule of company's lease assets and lease liabilities and their balance sheet location | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | As of December 31,
​ |  | Balance Sheet Location | ​ | 2022 |  | 2021
Lease assets: | ​ | ​ | ​ | ​ | ​ | ​
Operating lease right-of-use assets | ​ | Operating lease right-of-use assets | ​ | $ | 17,187 | ​ | $ | 20,249
Finance lease assets | ​ | Property and equipment, net (Note 6) | ​ | ​ | 600 | ​ | ​ | 602
Total lease assets | ​ | ​ | ​ | $ | 17,787 | ​ | $ | 20,851
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Lease liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating lease liabilities | ​ | Current portion of operating lease liabilities | ​ | $ | 4,086 | ​ | $ | 3,933
Finance lease liabilities | ​ | Current portion of finance lease liabilities | ​ | ​ | 103 | ​ | ​ | 284
Total current lease liabilities | ​ | ​ | ​ | $ | 4,189 | ​ | ​ | 4,217
Non-current: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating lease liabilities | ​ | Operating lease liabilities, net of current portion | ​ | $ | 20,421 | ​ | $ | 24,320
Finance lease liabilities | ​ | Finance lease liabilities, net of current portion | ​ | ​ | 10 | ​ | ​ | 68
Total non-current lease liabilities | ​ | ​ | ​ | ​ | 20,431 | ​ | ​ | 24,388
Total lease liabilities | ​ | ​ | ​ | $ | 24,620 | ​ | $ | 28,605
​
Schedule of company's lease costs, weighted-average term and rate | ​
​ | ​ | ​ | ​ | ​ | ​
​ | For the year ended December 31,
​ | 2022 | ​ | 2021
​ | ​ | ​ | ​
Operating lease cost | $ | 3,714 | ​ | $ | 4,774
​ | ​ | ​ | ​ | ​ | ​
Finance lease cost: | ​ | ​ | ​ | ​ | ​
Amortization of lease assets | ​ | 1,275 | ​ | ​ | 931
Interest on lease liabilities | ​ | 18 | ​ | ​ | 16
Total lease cost | $ | 5,007 | ​ | $ | 5,721
​ ​
​ | ​ | ​ | ​ | ​
​ | As of December 31, | ​
​ | 2022 | ​ | 2021 | ​
Weighted-average remaining lease term (years): | ​ | ​ | ​ | ​
Operating leases | 5.7 | ​ | 6.6 | ​
Finance leases | 0.5 | ​ | 1.2 | ​
​ | ​ | ​ | ​ | ​
Weighted-average discount rate: | ​ | ​ | ​ | ​
Operating leases | 2.3 | % | 2.3 | %
Finance leases | 2.3 | % | 2.3 | %
​
Schedule of maturity of operating lease liabilities | ​ Lease liability maturities for the next five years and thereafter are as follows as of December 31, 2022: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Operating Leases |  | Finance Leases | ​
2023 | ​ | $ | 4,721 | ​ | $ | 104 | ​
2024 | ​ | ​ | 4,464 | ​ | ​ | 10 | ​
2025 | ​ | ​ | 4,382 | ​ | ​ | — | ​
2026 | ​ | ​ | 4,477 | ​ | ​ | — | ​
2027 | ​ | ​ | 4,572 | ​ | ​ | — | ​
Thereafter | ​ | ​ | 3,482 | ​ | ​ | — | ​
Total lease payments | ​ | ​ | 26,098 | ​ | ​ | 114 | ​
Less: Imputed interest | ​ | ​ | (1,591) | ​ | ​ | (1) | ​
Present value of lease liabilities | ​ | $ | 24,507 | ​ | $ | 113 | ​
Schedule of maturity of finance lease liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Operating Leases |  | Finance Leases | ​
2023 | ​ | $ | 4,721 | ​ | $ | 104 | ​
2024 | ​ | ​ | 4,464 | ​ | ​ | 10 | ​
2025 | ​ | ​ | 4,382 | ​ | ​ | — | ​
2026 | ​ | ​ | 4,477 | ​ | ​ | — | ​
2027 | ​ | ​ | 4,572 | ​ | ​ | — | ​
Thereafter | ​ | ​ | 3,482 | ​ | ​ | — | ​
Total lease payments | ​ | ​ | 26,098 | ​ | ​ | 114 | ​
Less: Imputed interest | ​ | ​ | (1,591) | ​ | ​ | (1) | ​
Present value of lease liabilities | ​ | $ | 24,507 | ​ | $ | 113 | ​

X
- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
Name: | us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lease assets and lease liabilities. + References No definition available. + Details
Name: | verx_ScheduleOfLeaseAssetsAndLeaseLiabilitiesTableTextBlock
Namespace Prefix: | verx_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration