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Leases

6 Months Ended

Jun. 30, 2021

Note 11. Leases

The Company has operating and finance leases for corporate offices and certain equipment. These leases have remaining lease terms of one year to approximately nine years, some of which include options to extend the leases for multiple renewal periods of five years each. Under the terms of the facilities leases, the Company is required to pay its proportionate share of property taxes, insurance and normal maintenance costs. As of June 30, 2021 and December 31, 2020, assets recorded under finance leases were $0.3 million and $0.3 million, respectively, and accumulated depreciation associated with finance leases was $0.1 million and $0.08 million, respectively.

The components of lease cost were as follows (in thousands):


	June 30,
	2021		2020
Operating lease cost	$	1,997	$	601
Finance lease cost:
Amortization of right-of-use assets		31		18
Interest on finance lease liabilities		4		5
		35		23
Total lease cost	$	2,032	$	624

Other information related to leases was as follows (in thousands):


	Six Months Ended
Supplemental Cash Flows Information	June 30, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,771
Operating cash flows from finance leases	$	36
Financing cash flows from finance leases	$	32

Right-of-use assets obtained in exchange for lease liabilities (in thousands):
Operating leases	$	5,440
Finance leases	$	—

Weighted-Average Remaining Lease Term
Operating leases		6.3 years
Finance leases		2.6 years

Weighted-Average Discount Rate
Operating leases		5.3	%
Finance leases		5.3	%

Future minimum lease payments under non-cancellable leases that have commenced as of June 30, 2021 were as follows (in thousands):


Years Ending December 31	Operating Leases		Finance Leases
2021 (excluding the six months ended June 30, 2021)	$	937	$	29
2022		3,004		58
2023		2,601		61
2024		2,392		—
2025		2,198		—
Thereafter		11,645		—
Total future minimum lease payments		22,777		148
Less imputed interest		(4,173)		(10)
Total	$	18,604	$	138


	Operating		Finance
Reported as of June 30, 2021	Leases		Leases
Current lease liabilities	$	1,523	$	55
Noncurrent lease liabilities		17,081		83
Total	$	18,604	$	138