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Leases (Tables)
 3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Lease expense included in the unaudited condensed consolidated statements of operations

The following is a summary of our lease expense included in the Unaudited Condensed Consolidated Statements of Operations (in thousands):

 

 

For the Three Months
Ended March 31,

 

 

 

2023

 

 

2022

 

Operating lease cost

 

$

3,938

 

 

$

3,546

 

Financing lease cost:

 

 

 

 

 

 

Amortization of leased assets

 

 

39

 

 

 

38

 

Interest on lease liabilities

 

 

5

 

 

 

13

 

Total lease cost

 

$

3,982

 

 

$

3,597

 
Schedule includes other information about leases

Other information regarding our leases is as follows (in thousands, except lease terms and discount rates):

 

 

For the Three Months
Ended March 31,

 

 

 

2023

 

 

2022

 

Supplemental cash flow information

 

 

 

 

 

 

Cash paid for amounts included in measurement of lease liabilities:

 

 

 

 

 

 

Operating cash flows used in operating leases

 

$

3,969

 

 

$

3,496

 

Operating cash flows used in financing leases

 

$

5

 

 

$

13

 

Financing cash flows used in financing leases

 

$

57

 

 

$

43

 

Non-cash items:

 

 

 

 

 

 

Operating leases obtained

 

$

718

 

 

$

2,269

 

Financing leases obtained

 

$

—

 

 

$

—

 

Weighted average remaining lease term

 

 

 

 

 

 

Operating leases

 

8 years

 

 

9 years

 

Financing leases

 

1 year

 

 

1 year

 

Weighted average discount rate

 

 

 

 

 

 

Operating leases

 

 

6.7

%

 

 

6.9

%

Financing leases

 

 

16.6

%

 

 

17.9

%
Annual future minimum lease payments

Annual future minimum lease payments as of March 31, 2023 (in thousands):

Years ending December 31,

 

Operating
Leases

 

 

Financing
Leases

 

2023 (period from April 1 to December 31)

 

$

10,877

 

 

$

79

 

2024

 

 

15,256

 

 

 

4

 

2025

 

 

14,402

 

 

 

2

 

2026

 

 

14,229

 

 

 

—

 

2027

 

 

13,377

 

 

 

—

 

Thereafter

 

 

42,644

 

 

 

—

 

Total future minimum lease payments

 

 

110,785

 

 

 

85

 

Less: Amount representing interest

 

 

(24,075

)

 

 

(4

)

Present value of net minimum lease payments

 

$

86,710

 

 

$

81

 

Reported as of March 31, 2023

 

 

 

 

 

 

Accrued liabilities

 

$

9,445

 

 

$

76

 

Non-current operating lease liabilities

 

 

77,265

 

 

 

—

 

Other non-current liabilities

 

 

—

 

 

 

5

 

Total lease liabilities

 

$

86,710

 

 

$

81