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Leases (Tables) | 3 Months Ended
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Mar. 31, 2022
Leases |
Schedule of operating and finance lease right-of-use assets and related lease obligations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | March 31, | ​ | December 31, | ​ | ​ | ​
Leases | Classification | ​ | 2022 |  | 2021 |  |  | ​
Assets | ​ | ​ | (in thousands) | ​ |  | ​
Operating leases | Operating lease assets | ​ | $ | 9,403 | ​ | $ | 9,242 | ​ | ​ | ​
Finance lease | Finance lease assets * | ​ |  | 18,914 | ​ |  | 19,238 | ​ | ​ | ​
Total leased assets | ​ | ​ | $ | 28,317 | ​ | $ | 28,480 | ​ | ​ | ​
Liabilities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating | Other current liabilities | ​ | $ | 5,106 | ​ | $ | 4,716 | ​ | ​ | ​
Finance | Current portion of finance lease obligation | ​ | ​ | 1,039 | ​ | ​ | 979 | ​ | ​ | ​
Noncurrent | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating | Other long-term liabilities | ​ | ​ | 4,170 | ​ | ​ | 4,357 | ​ | ​ | ​
Finance | Finance lease obligation | ​ |  | 46,128 | ​ |  | 46,415 | ​ | ​ | ​
Total lease liabilities | ​ | ​ | $ | 56,443 | ​ | $ | 56,467 | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
*Finance lease assets are recorded net of accumulated depreciation of $48.9 million and includes $0.6 million of prepaid financing costs as of March 31, 2022. Finance lease assets are recorded net of accumulated depreciation of $48.6 million and includes $0.7 million of prepaid financing costs as of December 31, 2021. ​ | ​ | ​ | ​
Schedule of lease costs | ​
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​ | ​ | ​ | Three months ended | ​ | ​ |  | ​
​ | ​ | ​ | March 31, | ​ | ​ | ​ | ​
Lease cost | Classification | ​ | 2022 |  | 2021 |  |  |  | ​
Operating lease cost | ​ | ​ | (in thousands) | ​ | ​ |  | ​
Product / Services | Cost of revenue | ​ | $ | 1,210 | ​ | $ | 639 | ​ | ​ | ​ | ​
Research and development | Operating expenses | ​ |  | 56 | ​ |  | 130 | ​ | ​ | ​ | ​
Sales and marketing* | Operating expenses | ​ |  | 418 | ​ |  | 378 | ​ | ​ | ​ | ​
General and administrative* | Operating expenses | ​ |  | 211 | ​ |  | 260 | ​ | ​ | ​ | ​
Total operating lease cost | ​ | ​ | $ | 1,895 | ​ | $ | 1,407 | ​ | ​ | ​ | ​
Finance lease cost | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation of leased assets | Cost of revenue, R&D, Sales and marketing and G&A | ​ | $ | 324 | ​ | $ | 328 | ​ | ​ | ​ | ​
Interest on lease liabilities | Interest expense | ​ |  | 1,258 | ​ |  | 1,279 | ​ | ​ | ​ | ​
Total finance lease cost | ​ | ​ | $ | 1,582 | ​ | $ | 1,607 | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total lease cost | ​ | ​ | $ | 3,477 | ​ | $ | 3,014 | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
* Sales and marketing and general and administrative expense also includes short-term lease and variable lease costs of approximately $0.5 million and $0.4 million for the three months ended March 31, 2022 and 2021, respectively. | ​ | ​
Schedule of future minimum operating and finance leases | ​
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​ | ​ | Finance | ​ | Operating |  | Total |
Maturity of Lease Liabilities | ​ | Leases | ​ | Leases | ​ | Leases | ​
​ | ​ | (in thousands) | ​
2022 | ​ | $ | 4,493 | ​ | $ | 4,075 | ​ | $ | 8,568 | ​
2023 | ​ |  | 6,114 | ​ |  | 3,188 | ​ |  | 9,302 | ​
2024 | ​ |  | 6,252 | ​ |  | 1,032 | ​ |  | 7,284 | ​
2025 | ​ |  | 5,930 | ​ |  | 718 | ​ |  | 6,648 | ​
2026 | ​ | ​ | 6,008 | ​ | ​ | 482 | ​ | ​ | 6,490 | ​
Thereafter | ​ | ​ | 67,715 | ​ | ​ | 78 | ​ | ​ | 67,793 | ​
Total lease payments | ​ | $ | 96,512 | ​ | $ | 9,573 | ​ | $ | 106,085 | ​
Less interest portion* | ​ | ​ | (49,345) | ​ | ​ | (297) | ​ | ​ | (49,642) | ​
Finance lease and operating lease obligations | ​ | $ | 47,167 | ​ | $ | 9,276 | ​ | $ | 56,443 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
* Finance lease interest calculated using the implied interest rate; operating lease interest calculated using estimated corporate borrowing rate. | ​
Schedule of weighted-average remaining lease term and discount rates | ​
​ | ​ | ​ | ​ | ​
​ | ​ | March 31, | ​
Lease term and discount rate |  | 2022 | ​
Weighted-average remaining lease term (years): | ​ | ​ | ​ | ​
Operating leases | ​ | ​ | 2.6 | ​
Finance leases | ​ |  | 14.8 | ​
Weighted-average discount rate: | ​ | ​ | ​ | ​
Operating leases | ​ |  | 4.5% | ​
Finance leases | ​ |  | 10.5% | ​
​ | ​ | ​ | ​ | ​
Schedule of cash outflows by lease type | ​
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​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended March 31, | ​
Cash paid for amounts included in the measurement of lease liabilities |  | 2022 |  | 2021 |  | ​
​ | ​ | (in thousands) | ​
Operating cash outflows from operating leases | ​ | $ | 1,896 | ​ | $ | 1,407 | ​ | ​
Operating cash outflows from finance leases | ​ |  | 1,258 | ​ |  | 1,279 | ​ | ​
Financing cash outflows from finance leases | ​ |  | 229 | ​ |  | 175 | ​ | ​
Operating lease assets obtained in exchange for operating lease liabilities | ​ |  | 1,638 | ​ |  | 791 | ​ | ​
Finance lease assets obtained in exchange for new finance lease liabilities | ​ |  | — | ​ |  | — | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​

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