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Leases
 6 Months Ended
Jun. 30, 2022
Lessee Disclosure [Abstract]  
Leases
12. Leases
The Company has entered into operating leases for its corporate headquarters and office facilities, financial data terminals and equipment. The Company has no finance leases.
The following table provides additional information regarding the Company’s leases:
 
 
  
Three Months Ended June 30,
 
 
Six Months Ended June 30,
 
 
  
2022
 
 
2021
 
 
2022
 
 
2021
 
Lease cost:
  
      
 
      
 
      
 
      
Operating lease cost
  
$
243
 
 
$
643
 
 
$
332
 
 
$
1,340
 
Short-term lease cost
  
 
251
 
 
 
259
 
 
 
527
 
 
 
554
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total lease cost
  
$
494
 
 
$
902
 
 
$
859
 
 
$
1,894
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other information:
  
      
 
      
 
      
 
      
Cash paid for amounts included in the measurement of operating liabilities (operating leases)
  
$
251
 
 
$
740
 
 
$
348
 
 
$
1,658
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Right-of-use
assets obtained in exchange for new operating lease liabilities
  
 
n/a
 
 
 
n/a
 
 
 
n/a
 
 
 
n/a
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average remaining lease term (in years) – operating leases
  
 
1.8
 
 
 
8.4
 
 
 
1.8
 
 
 
8.4
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average discount rate – operating leases
  
 
6.3
% 
 
 
6.3
% 
 
 
6.3
% 
 
 
6.3
% 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
None of the Company’s leases include variable payments, residual value guarantees or any restrictions or covenants relating to the Company’s ability to pay dividends or incur additional financing obligations.
During the three and six months ended June 30, 2021, the Company recognized an impairment charge of $303 resulting from the derecognition of a
right-of-use
asset upon exiting its London office in February 2021, as well as costs incurred to restore the office space to its original condition. This loss is included in impairments in the Consolidated Statements of Operations.
The following table discloses future minimum lease payments at June 30, 2022 with respect to the Company’s operating lease liabilities:
 
Remainder of 2022
    $ 958  
2023
      1,128  
2024
      317  
2025
      —    
2026
      —    
2027 and thereafter
      —    
    
 
 
  
Total future minimum lease payments (undiscounted)
    $ 2,403  
    
 
 
  
The following table reconciles the future minimum lease payments (disclosed above) at June 30, 2022 to the operating lease liabilities recognized in the Consolidated Balance Sheets:
 
Amounts recognized in the Consolidated Balance Sheets
         
Lease liability – short term
    $ 1,093  
Lease liability – long term
      941  
    
 
 
  
Subtotal
      2,034  
Difference between undiscounted and discounted cash flows
      369  
    
 
 
  
Total future minimum lease payments (undiscounted)
    $ 2,403