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Leases
9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Leases

7. Leases

The Company enters into operating and finance leases, primarily related to rental of office space, equipment and data centers. Both operating and finance leases have remaining lease terms which range from less than one year to ten years, and often include one or more renewal or termination options. These options are not included in the determination of the lease term at commencement unless it is reasonably certain that the Company will exercise the option.

The components of lease cost were as follows (in thousands):

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Operating lease cost

 

$

659

 

 

$

893

 

 

$

1,901

 

 

$

2,329

 

Finance lease cost

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation expense

 

 

67

 

 

 

68

 

 

 

203

 

 

 

204

 

Interest on finance lease liabilities

 

 

2

 

 

 

4

 

 

 

7

 

 

 

13

 

Total finance lease cost

 

 

69

 

 

 

72

 

 

 

210

 

 

 

217

 

Short-term lease cost

 

 

181

 

 

 

424

 

 

 

807

 

 

 

592

 

Total lease cost

 

$

909

 

 

$

1,389

 

 

$

2,918

 

 

$

3,138

 

 

Supplemental cash flow information related to leases was as follows (in thousands):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows for operating leases

 

$

521

 

 

$

546

 

 

$

1,598

 

 

$

2,236

 

Operating cash flows for finance leases

 

 

2

 

 

 

4

 

 

 

7

 

 

 

13

 

Financing cash flows for finance leases

 

 

66

 

 

 

68

 

 

 

201

 

 

 

204

 

Right-of-use assets obtained in exchange of operating lease obligations

 

 

--

 

 

 

--

 

 

 

4,151

 

 

 

2,638

 

 

The total remaining lease payments under non-cancelable operating and finance leases as of September 30, 2022 were as follows (in thousands):

 

Years Ending December 31,

 

Operating Leases

 

 

Finance Leases

 

2022 (remaining three months)

 

$

498

 

 

$

64

 

2023

 

 

1,748

 

 

 

102

 

2024

 

 

1,721

 

 

 

 

2025

 

 

1,736

 

 

 

 

2026

 

 

1,758

 

 

 

 

Thereafter

 

 

3,690

 

 

 

 

Total minimum lease payments including interest

 

$

11,151

 

 

$

166

 

Less imputed interest

 

 

(1,059

)

 

 

(1

)

Total lease liabilities

 

$

10,092

 

 

$

165