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Leases | 12 Months Ended
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Dec. 31, 2022
Leases [Abstract] |
Leases | 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%. On June 1, 2021 we began occupancy of the newly constructed addition to our leased international headquarters located in Hechingen, Germany. This lease resulted in an increase in the present value of future lease obligations and corresponding right-of-use asset of $9.8 million, using a discount rate of 5.46%. Information related to leases included in the Consolidated Balance Sheets was as follows (in thousands, except lease term and discount rate):
Operating leases: | December 31, 2022 |  | December 31, 2021
Operating lease right-of-use assets | $ | 56,061 |  |  | $ | 58,097 |
Accumulated amortization | (14,202) |  |  | (12,383) |
Operating lease right-of-use assets, net | $ | 41,859 |  |  | $ | 45,714 |
Current maturities of operating leases | $ | 3,308 |  |  | $ | 3,149 |
Non-current maturities of operating leases | 41,257 |  |  | 44,869 |
Total operating lease liabilities | $ | 44,565 |  |  | $ | 48,018 |
Finance leases: |  |  |
Property and equipment, at cost | $ | 6,408 |  |  | $ | 6,759 |
Accumulated amortization | (2,498) |  |  | (2,105) |
Property and equipment, net | $ | 3,910 |  |  | $ | 4,654 |
Current maturities of finance leases | $ | 513 |  |  | $ | 528 |
Non-current maturities of finance leases | 3,644 |  |  | 4,374 |
Total finance lease liabilities | $ | 4,157 |  |  | $ | 4,902 |
Weighted average remaining lease term (in years): |  |  |
Operating leases | 11.9 |  | 12.5
Finance leases | 7.8 |  | 8.8
Weighted average discount rate: |  |  |
Operating leases | 5.9 | % |  | 5.8 | %
Finance leases | 2.1 | % |  | 2.0 | %
Current maturities of finance leases are included as a component of Other current liabilities on our Consolidated Balance Sheets. A summary of lease expenses for our finance and operating leases included in General, administrative, and marketing expenses on our Consolidated Statements of Operations and Comprehensive Loss was as follows (in thousands):
| December 31, 2022 |  | December 31, 2021
Amortization of property and equipment | $ | 518 |  |  | $ | 596 |
Interest expense on finance leases | 89 |  |  | 110 |
Total finance lease expense | 607 |  |  | 706 |
Operating lease expense a | 7,432 |  |  | 7,521 |
Sublease income | (306) |  |  | (399) |
Total lease expense | $ | 7,733 |  |  | $ | 7,828 |
______________________ a Total rental expense for operating leases was $7.1 million in 2020. A summary of our cash flow information related to leases was as follows (in thousands):
Cash paid for amounts included in the measurement of lease liabilities: | 2022 |  | 2021
Operating cash flows for operating leases | $ | 6,927 |  |  | $ | 6,061 |
Financing cash flows for finance leases | 507 |  |  | 557 |
Operating cash flows for finance leases | 90 |  |  | 105 |
Future minimum lease payments and sublease rental income are as follows (in thousands):
| Finance Leases |  | Operating Leases
2023 | $ | 583 |  |  | $ | 5,898 |
2024 | 595 |  |  | 5,629 |
2025 | 574 |  |  | 5,445 |
2026 | 555 |  |  | 4,912 |
2027 | 550 |  |  | 4,794 |
Thereafter | 1,637 |  |  | 36,955 |
Total minimum lease payments | $ | 4,494 |  |  | $ | 63,633 |
Less amount representing interest | (337) |  |  | (19,068) |
Present value of net minimum lease payments | 4,157 |  |  | 44,565 |
Less current maturities | (513) |  |  | (3,308) |
Lease obligations, less current maturities | $ | 3,644 |  |  | $ | 41,257 |

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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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