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Leases | 12 Months Ended
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Dec. 31, 2023
Leases |
Leases | Note 12. Leases The Company has operating leases for corporate offices and certain equipment. These leases have remaining lease terms of less than one year to approximately twenty-one years, some of which include options to extend the leases for multiple renewal periods of one to fifteen 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. In October 2022, Cryoport Systems entered into a lease agreement commencing in 2025, for a purpose-built administrative, global supply chain center and research and development center in Santa Ana, California, in the aggregate rental amount of $27.7 million spanning 10 years. This lease is not included in the balance sheet right-of-use asset and lease liability as it commences in 2025. The components of lease cost were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ |  | 2023 |  | 2022 |  | 2021
Operating lease cost | ​ | $ | 7,294 | ​ | $ | 5,505 | ​ | $ | 4,556
Finance lease cost: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization of right-of-use assets | ​ | ​ | 219 | ​ | ​ | 79 | ​ | ​ | 61
Interest on finance lease liabilities | ​ | ​ | 61 | ​ | ​ | 12 | ​ | ​ | 8
​ | ​ | ​ | 280 | ​ | ​ | 91 | ​ | ​ | 69
Total lease cost | ​ | $ | 7,574 | ​ | $ | 5,596 | ​ | $ | 4,625
​ Other information related to leases was as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Supplemental Cash Flows Information | ​ | Year Ended December 31,
​ |  | 2023 |  | 2022 |  | 2021
Cash paid for amounts included in the measurement of lease liabilities: |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
Operating cash flows from operating leases |  | $ | 6,720 |  | $ | 4,733 |  | $ | 3,993
Operating cash flows from finance leases |  | $ | 263 |  | $ | 82 |  | $ | 65
Financing cash flows from finance leases | ​ | $ | 202 | ​ | $ | 70 | ​ | $ | 58
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Right-of-use assets obtained in exchange for lease liabilities (in thousands): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating leases |  | $ | 11,109 |  | $ | 12,384 |  | $ | 10,175
Finance leases | ​ | $ | 1,090 | ​ | $ | 259 | ​ | $ | —
​ ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, |
​ |  | 2023 |  | 2022 |
Weighted-Average Remaining Lease Term |  | ​ |  | ​ | ​
Operating leases |  | 10.8 years |  | 12.4 years | ​
Finance leases |  | 4.2 years |  | 3.4 years | ​
​ | ​ | ​ | ​ | ​ | ​
Weighted-Average Discount Rate |  |  |  |  | ​
Operating leases |  | 8.7 | % | 9.5 | %
Finance leases |  | 8.4 | % | 7.8 | %
​ Future minimum lease payments under non-cancellable leases that have commenced as of December 31, 2023 were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Operating | ​ | Finance
Years Ending December 31 |  | Leases |  | Leases
2024 |  | ​ | 8,063 |  | ​ | 374
2025 |  | ​ | 6,929 |  | ​ | 370
2026 |  | ​ | 5,741 |  | ​ | 343
2027 |  | ​ | 4,962 |  | ​ | 228
2028 | ​ | ​ | 3,707 | ​ | ​ | 122
Thereafter |  | ​ | 27,076 |  | ​ | 26
Total future minimum lease payments |  | ​ | 56,478 |  | ​ | 1,463
Less imputed interest |  | ​ | (21,752) |  | ​ | (223)
Total | ​ | $ | 34,726 | ​ | $ | 1,240
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Operating | ​ | Finance
Reported as of December 31, 2023 |  | Leases |  | Leases
Current lease liabilities | ​ | $ | 5,371 | ​ | $ | 286
Noncurrent lease liabilities | ​ |  | 29,355 | ​ |  | 954
Total | ​ | $ | 34,726 | ​ | $ | 1,240
​

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- References No definition available. + Details
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