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Leases (Tables)

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Lease Expense and Other Information

Lease expense and other information consisted of the following for the three and six months ended June 30, 2022 (in thousands, except terms and rates):

			Three Months Ended June 30,2022						Six Months Ended June 30,2022
Lease expense
Finance lease expense:
Amortization of right-of-use assets			$	2,186					$	4,419
Interest on lease liabilities			227						431
Operating lease expense			1,417						2,834
Short-term lease expense			9						18
Total lease expense			$	3,839					$	7,702
Other information
Finance leases:
Operating cash outflow from finance leases			$	227					$	431
Financing cash outflow from finance leases			$	2,284					$	4,460
Finance lease liabilities arising from obtaining finance lease right-of-use assets			$	1,297					$	3,324
Operating leases:
Operating cash outflow from operating leases			$	1,142					$	1,983
Other information as of June 30, 2022
Finance leases:
Weighted-average remaining lease term (years)			1.7
Weighted-average discount rate lease term			6.9		%
Operating leases:
Weighted-average remaining lease term (years)			10.6
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 June 30, 2022 are as follows (in thousands):

Years ending December 31,
Remaining 2022			$	2,559
2023			5,404
2024			5,539
2025			5,677
2026			5,819
Thereafter			38,666
Total			63,664
Less imputed interest			(11,834)
Present value of operating lease obligations			$	51,830

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 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 June 30, 2022 were as follows (in thousands):

Years ending December 31,
Remaining 2022			$	5,020
2023			6,007
2024			3,295
2025			609
2026			—
Thereafter			—
Total			14,931
Less amounts representing interest			(1,024)
Present value of finance lease obligations			$	13,907

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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- 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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- 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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