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Leases (Tables) | 9 Months Ended
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Sep. 30, 2023
Leases [Abstract] |
Lease Expense and Other Information | Components of lease expense and other information for the periods presented are summarized as follows (in thousands, except terms and rates):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Lease expense |  |  |  |  |  |  |
Finance lease expense: |  |  |  |  |  |  |
Amortization of right-of-use assets | $ | 1,823 |  |  | $ | 2,048 |  |  | $ | 5,571 |  |  | $ | 6,467 |
Interest on lease liabilities | 290 |  |  | 237 |  |  | 851 |  |  | 667 |
Operating lease expense | 1,423 |  |  | 1,417 |  |  | 4,268 |  |  | 4,252 |
Short-term lease expense | 2 |  |  | 3 |  |  | 13 |  |  | 21 |
Total lease expense | $ | 3,538 |  |  | $ | 3,705 |  |  | $ | 10,703 |  |  | $ | 11,407 |
Supplemental cash flow information |  |  |  |  |  |  |
Finance leases: |  |  |  |  |  |  |
Operating cash outflow from finance leases | $ | 290 |  |  | $ | 237 |  |  | $ | 851 |  |  | $ | 667 |
Financing cash outflow from finance leases | $ | 1,859 |  |  | $ | 2,234 |  |  | $ | 5,666 |  |  | $ | 6,694 |
Finance lease liabilities arising from obtaining finance lease right-of-use assets | $ | 1,799 |  |  | $ | 1,335 |  |  | $ | 5,438 |  |  | $ | 4,659 |
Operating leases: |  |  |  |  |  |  |
Operating cash outflow from operating leases | $ | 1,396 |  |  | $ | 1,214 |  |  | $ | 4,177 |  |  | $ | 3,197 |
Operating lease liabilities arising from obtaining operating lease right-of-use assets | $ | — |  |  | $ | — |  |  | $ | 154 |  |  | $ | — |
Other information as of September 30, 2023 |  |  |  |  |  |  |
Finance leases: |  |  |  |  |  |  |
Weighted-average remaining lease term (years) | 1.8 |  |  |  |  |  |
Weighted-average discount rate | 9.9 | % |  |  |  |  |  |
Operating leases: |  |  |  |  |  |  |
Weighted-average remaining lease term (years) | 9.3 |  |  |  |  |  |
Weighted-average discount rate | 3.9 | % |  |  |  |  |  |
Operating Lease Liability Maturity | Future maturities of remaining lease payments included in the measurement of operating lease liabilities as of September 30, 2023 are as follows (in thousands):
Years ending December 31,
Remaining 2023 | $ | 1,396 |
2024 | 5,574 |
2025 | 5,701 |
2026 | 5,843 |
2027 | 5,989 |
Thereafter | 32,834 |
Total | 57,337 |
Less imputed interest | (9,488) |
Present value of operating lease obligations | $ | 47,849 |
Finance Lease Liability Maturity | Future minimum lease payments for the Company’s finance leases as of September 30, 2023 were as follows (in thousands):
Years ending December 31,
Remaining 2023 | $ | 2,207 |
2024 | 6,739 |
2025 | 3,906 |
2026 | 1,393 |
2027 | — |
Thereafter | — |
Total | 14,245 |
Less amounts representing interest | (1,484) |
Present value of finance lease obligations | $ | 12,761 |

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- 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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
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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 -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479773/842-30-50-12 + Details
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