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Leases

12 Months Ended

Dec. 31, 2021

Note 12. 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 December 31, 2021 and 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 $0.1 million respectively.

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


	December 31,
	2021		2020		2019
Operating lease cost	$	4,556	$	1,835	$	758
Finance lease cost:
Amortization of right-of-use assets		61		56		10
Interest on finance lease liabilities		8		10		3
		69		66		13
Total lease cost	$	4,625	$	1,901	$	771

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


Supplemental Cash Flows Information	Year Ended December 31,
	2021		2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	3,993	$	1,680	$	760
Operating cash flows from finance leases	$	65	$	77	$	3
Financing cash flows from finance leases	$	58	$	67	$	23

Right-of-use assets obtained in exchange for lease liabilities (in thousands):
Operating leases	$	10,175	$	10,708	$	3,165
Finance leases	$	—	$	230	$	—


	December 31,
	2021		2020
Weighted-Average Remaining Lease Term
Operating leases	5.6 years		6.6 years
Finance leases	2.1 years		2.9 years

Weighted-Average Discount Rate
Operating leases	5.1	%	5.5	%
Finance leases	5.3	%	5.4	%

Future minimum lease payments under non-cancellable leases that have commenced as of December 31, 2021 were as follows (in thousands):


Years Ending December 31	Operating Leases		Finance Leases
2022	$	2,322	$	57
2023		2,299		61
2024		2,033		—
2025		1,757		—
2026		3,349		—
Thereafter		14,035		—
Total future minimum lease payments		25,795		118
Less imputed interest		(4,109)		(6)
Total	$	21,686	$	112


	Operating		Finance
Reported as of December 31, 2021	Leases		Leases
Current lease liabilities	$	3,542	$	61
Noncurrent lease liabilities		18,144		51
Total	$	21,686	$	112