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Leases (Tables)
3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Supplemental Balance Sheets Information The following table summarizes the lease amounts included in the Company's condensed consolidated balance sheets:
(in thousands)Classification on the Condensed Consolidated Balance SheetsMarch 31, 2022December 31, 2021
Assets
Operating
Operating lease right-of-use assets(1)
$17,719 $20,119 
Finance
Property and equipment, net(2)
5,111 4,916 
Total lease assets$22,830 $25,035 
Liabilities
Current
   OperatingCurrent operating lease liabilities$3,762 $4,366 
   FinanceCurrent portion of long-term debt2,458 2,451 
Noncurrent
   OperatingLong-term operating lease liabilities14,787 16,576 
   FinanceLong-term debt2,859 2,681 
Total lease liabilities$23,866 $26,074 
(1)     Operating lease assets are recorded net of accumulated amortization of $15.6 million at March 31, 2022 and $15.9 million at December 31, 2021.
(2)    Finance lease assets are recorded net of accumulated amortization of $6.4 million at March 31, 2022 and $5.9 million at December 31, 2021.
Summary of Lease Costs, Lease Terms and Discount Rates
The following table summarizes the lease costs included in the Company's condensed consolidated statements of operations for the three months ended March 31, 2022 and 2021:
Three Months Ended
March 31,
(in thousands)Classification on the Condensed Consolidated Statement of Operations20222021
Operating lease cost
Cost of revenue(1)
$694 $690 
Operating lease cost
Selling, general and administrative(1)
704 584 
Finance lease cost
   Amortization
Cost of revenue(2)
651 674 
   Interest
Interest expense, net(2)
66 86 
Total lease cost$2,115 $2,034 
(1)    Operating lease costs recorded in cost of revenue included $0.1 million of variable lease costs for both the three months ended March 31, 2022 and 2021. In addition, $0.1 million of variable lease costs are included in selling, general and administrative for both the three months ended March 31, 2022 and 2021. These variable costs consist of the Company's proportionate share of operating expenses, real estate taxes and utilities.
(2)     Finance lease costs recorded in cost of revenue include variable lease costs of $0.8 million for the three months ended March 31, 2022 and $0.6 million for the three months ended March 31, 2021. These variable lease costs consist of fuel, maintenance, and sales tax charges.
The following is a summary of the lease terms and discount rates:
March 31, 2022December 31, 2021
Weighted average lease term (in years):
   Operating7.307.10
   Finance2.602.51
Weighted average discount rate:
   Operating4.67 %4.68 %
   Finance5.14 %5.27 %
Future Minimum Commitment for Finance Leases Future minimum commitments for finance and operating leases that have non-cancelable lease terms in excess of one year as of March 31, 2022 were as follows:
Operating Leases
Year ending (in thousands):Finance
Leases
Non-Related Party
Related Party(1)
Sublease Receipts(2)
Total Operating
Remainder of 2022$1,934 $3,252 $338 $(623)$2,967 
20231,758 3,108 450 (885)2,673 
20241,026 2,502 450 (912)2,040 
2025500 2,148 450 (939)1,659 
202699 2,010 450 (967)1,493 
Thereafter— 2,033 4,815 (327)6,521 
Total minimum lease payments$5,317 $15,053 $6,953 $(4,653)$17,353 
Amounts representing interest358 
Present value of net minimum lease payments$5,675 
(1)    Associated with the aforementioned related party lease entered into with a former member of JMLLC.
(2)    Associated with the aforementioned third party sublease.
Future Minimum Commitment for Operating Leases Future minimum commitments for finance and operating leases that have non-cancelable lease terms in excess of one year as of March 31, 2022 were as follows:
Operating Leases
Year ending (in thousands):Finance
Leases
Non-Related Party
Related Party(1)
Sublease Receipts(2)
Total Operating
Remainder of 2022$1,934 $3,252 $338 $(623)$2,967 
20231,758 3,108 450 (885)2,673 
20241,026 2,502 450 (912)2,040 
2025500 2,148 450 (939)1,659 
202699 2,010 450 (967)1,493 
Thereafter— 2,033 4,815 (327)6,521 
Total minimum lease payments$5,317 $15,053 $6,953 $(4,653)$17,353 
Amounts representing interest358 
Present value of net minimum lease payments$5,675 
(1)    Associated with the aforementioned related party lease entered into with a former member of JMLLC.
(2)    Associated with the aforementioned third party sublease.
Leases Supplemental Cash Flow Information
The following is a summary of other information and supplemental cash flow information related to finance and operating leases:
Three months ended March 31,
(in thousands)20222021
Cash paid for amounts included in the measurement of lease liabilities:
   Operating cash flows from operating leases$1,358 $1,225 
   Operating cash flows from finance leases66 86 
   Financing cash flows from finance leases660 667 
Right-of-use assets exchanged for lease liabilities:
   Operating leases— 156 
   Finance leases864 87 
Right-of-use assets disposed or adjusted modifying operating leases liabilities(1,276)36 
Right-of-use assets disposed or adjusted modifying finance leases liabilities$(19)—