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Leases

9 Months Ended

Sep. 30, 2022

Leases

Leases

Note 11. Leases

The Company has operating 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.

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

​

​	​	​	​	​	​	​
​	​	September 30,
​		2022			2021
Operating lease cost	​	$	3,937	​	$	3,162
Finance lease cost:	​	​	​	​	​	​
Amortization of right-of-use assets	​	​	43	​	​	46
Interest on finance lease liabilities	​	​	5	​	​	6
​	​	​	48	​	​	52
Total lease cost	​	$	3,985	​	$	3,214

​

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

​

​	​	​	​	​	​	​
​	​	Nine Months Ended September 30,
Supplemental Cash Flows Information		2022			2021
Cash paid for amounts included in the measurement of lease liabilities:		​	​		​	​
Operating cash flows from operating leases		$	3,764	​	$	2,862
Operating cash flows from finance leases		$	51	​	$	52
Financing cash flows from finance leases	​	$	44	​	$	46
​	​	​	​	​	​	​
Right-of-use assets obtained in exchange for lease liabilities (in thousands):	​	​	​	​	​	​
Operating leases		$	5,084	​	$	6,810
Finance leases	​	$	205	​	$	—

​

​	​	​	​	​	​
​	​	September 30,	​	December 31,
​		2022		2021
Weighted-Average Remaining Lease Term		​		​	​
Operating leases		13.2	years	5.6	years
Finance leases		3.4	years	2.1	years
​	​	​	​	​	​
Weighted-Average Discount Rate		​	​	​	​
Operating leases		9.5	%	5.1	%
Finance leases		7.8	%	5.3	%

​

Future minimum lease payments under non-cancellable leases that have commenced as of September 31, 2022 were as follows (in thousands):

​

​	​	​	​	​	​	​
Years Ending December 31		Operating Leases			Finance Leases
2022	​	$	1,280	​	$	27
2023	​		4,901	​	​	117
2024	​		4,413	​	​	58
2025	​		3,764	​	​	58
2026	​		3,563	​	​	42
Thereafter	​	​	29,383	​	​	3
Total future minimum lease payments	​		47,304	​	​	305
Less imputed interest	​		(21,185)	​	​	(38)
Total	​	$	26,119	​	$	267

​

​	​	​	​	​	​	​
​	​	Operating		​	Finance
Reported as of December 31, 2021		Leases			Leases
Current lease liabilities	​	$	3,007	​	$	96
Noncurrent lease liabilities	​		23,112	​	​	171
Total	​	$	26,119	​	$	267

​

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