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Leases | 3 Months Ended
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Mar. 31, 2022
Leases [Abstract] |
Leases | 7. Leases We have operating and finance lease obligations resulting from the lease of land and buildings that comprise our corporate headquarters and various manufacturing facilities; leases related to additional manufacturing, office, and warehouse space; leases on company vehicles; and leases on a variety of office and other equipment. On January 6, 2021 we executed a modification to extend the lease of our headquarters located in Kennesaw, Georgia. This modification resulted in an increase in the present value of future lease obligations and corresponding right-of-use asset of $23.3 million, using a discount rate of 6.41%. Information related to leases included in the Condensed Consolidated Balance Sheets is as follows (in thousands, except lease term and discount rate):
Operating leases: |  | March 31, 2022 |  |  | December 31, 2021
Operating lease right-of-use assets | $ | 57,532 |  | $ | 58,097
Accumulated amortization |  | (13,167) |  |  | (12,383)
Operating lease right-of-use assets, net | $ | 44,365 |  | $ | 45,714
Current maturities of operating leases | $ | 3,362 |  | $ | 3,149
Non-current maturities of operating leases |  | 43,679 |  |  | 44,869
Total operating lease liabilities | $ | 47,041 |  | $ | 48,018
Finance leases: |  |  |  |
Property and equipment, at cost | $ | 6,625 |  | $ | 6,759
Accumulated amortization |  | (2,196) |  |  | (2,105)
Property and equipment, net | $ | 4,429 |  | $ | 4,654
Current maturities of finance leases | $ | 520 |  | $ | 528
Non-current maturities of finance leases |  | 4,156 |  |  | 4,374
Total finance lease liabilities | $ | 4,676 |  | $ | 4,902
Weighted average remaining lease term (in years): |  |  |  |  |
Operating leases |  | 12.4 |  |  | 12.5
Finance leases |  | 8.6 |  |  | 8.8
Weighted average discount rate: |  |  |  |  |
Operating leases |  | 5.9% |  |  | 5.8%
Finance leases |  | 2.0% |  |  | 2.0%
Current maturities of finance leases are included as a component of Other current liabilities on our Condensed Consolidated Balance Sheets. A summary of lease expenses for our finance and operating leases included in General, administrative, and marketing expenses on our Condensed Consolidated Statements of Operations and Comprehensive Income Loss are as follows (in thousands):
| Three Months Ended
| March 31,
|  | 2022 |  |  | 2021
Amortization of property and equipment | $ | 137 |  | $ | 154
Interest expense on finance leases |  | 25 |  |  | 29
Total finance lease expense |  | 162 |  |  | 183
Operating lease expense |  | 1,920 |  |  | 1,758
Sublease income |  | (92) |  |  | (124)
Total lease expense | $ | 1,990 |  | $ | 1,817
A summary of our cash flow information related to leases is as follows (in thousands):
| Three Months Ended
| March 31,
Cash paid for amounts included in the measurement of lease liabilities: |  | 2022 |  |  | 2021
Operating cash flows for operating leases | $ | 1,525 |  | $ | 1,500
Financing cash flows for finance leases |  | 130 |  |  | 144
Operating cash flows for finance leases |  | 24 |  |  | 28
Future minimum lease payments and sublease rental income are as follows (in thousands):
| Finance |  | Operating |  | Sublease
| Leases |  | Leases |  | Income
Remainder of 2022 | $ | 436 |  | $ | 4,392 |  | $ | 214
2023 |  | 616 |  |  | 5,630 |  |  | --
2024 |  | 610 |  |  | 6,189 |  |  | --
2025 |  | 587 |  |  | 5,162 |  |  | --
2026 |  | 568 |  |  | 4,767 |  |  | --
Thereafter |  | 2,272 |  |  | 42,021 |  |  | --
Total minimum lease payments | $ | 5,089 |  | $ | 68,161 |  | $ | 214
Less amount representing interest |  | (413) |  |  | (21,120) |  |  |
Present value of net minimum lease payments |  | 4,676 |  |  | 47,041 |  |  |
Less current maturities |  | (520) |  |  | (3,362) |  |  |
Lease liabilities, less current maturities | $ | 4,156 |  | $ | 43,679 |  |  |

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- 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 http://asc.fasb.org/subtopic&trid=77888251 + Details
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