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Leases (Tables)

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Lease Expense and Other Information

Lease expense and other information consisted of the following for the three months ended March 31, 2022 (in thousands, except terms and rates):

Lease expense
Finance lease expense:
Amortization of right-of-use assets			$	2,233
Interest on lease liabilities			204
Operating lease expense			1,417
Short-term lease expense			9
Total lease expense			$	3,863
Other information
Finance leases:
Operating cash outflow from finance leases			$	204
Financing cash outflow from finance leases			$	2,176
Finance lease liabilities arising from obtaining finance lease right-of-use assets			$	2,027
Weighted-average remaining lease term (years)			1.7
Weighted-average discount rate lease term			6.3		%
Operating leases:
Operating cash outflow from operating leases			$	841
Weighted-average remaining lease term (years)			10.8
Weighted-average discount rate lease term			3.9		%

Operating Lease Liability Maturity

Future maturities of remaining lease payments included in the measurement of operating lease as of March 31, 2022 are as follows (in thousands):

Years ending December 31,
Remaining 2022			$	3,701
2023			5,404
2024			5,539
2025			5,677
2026			5,819
Thereafter			38,667
Total			64,807
Less imputed interest			12,338
Present value of operating lease obligations			$	52,469

Future Minimum Rental Payments for Operating Leases Under ASC 840

As previously disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, the following table summarizes summarizes the future minimum lease payments related to operating leases as of December 31, 2021 under ASC 840 (in thousands):

Years ending December 31,
2022			$	4,407
2023			5,404
2024			5,539
2025			5,677
2026			5,819
Thereafter			38,666
Total			$	65,512

Finance Lease Liability Maturity

Future minimum lease payments for the Company’s finance leases as of March 31, 2022 were as follows (in thousands):

Years ending December 31,
Remaining 2022			$	7,315
2023			5,437
2024			2,862
2025			251
2026			—
Thereafter			—
Total			15,865
Less amounts representing interest			(971)
Present value of finance lease obligations			$	14,894

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980

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X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980

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X

- Definition

Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 30
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=124258985&loc=SL77919396-209981

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- Definition

Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=123406913&loc=d3e41502-112717

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