XML 36 R27.htm IDEA: XBRL DOCUMENT v3.23.2
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]  
Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to operating leases is as follows (dollars in thousands):

 

 

Six Months Ended

 

 

 

June 30,

 

 

2023

 

 

2022

 

Cash payments for operating leases

 

$

1,810

 

 

$

1,686

 

Right-of-use assets obtained in exchange for operating lease obligations

 

 

245

 

 

 

1,315

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended

 

 

June 30,

 

 

2023

 

 

2022

 

Weighted-average remaining lease term

 

6.1 years

 

 

6.9 years

 

Weighted-average discount rate

 

 

8.5

%

 

 

8.4

%

Future Minimum Non-Cancelable Lease Payments Under Operating Leases

Future minimum non-cancelable payments under operating leases as of June 30, 2023, were as follows (in thousands):

 

 

Operating Leases

 

2023 (remainder)

 

 

$

1,720

 

2024

 

 

 

3,365

 

2025

 

 

 

3,023

 

2026

 

 

 

3,050

 

2027

 

 

 

3,356

 

Thereafter

 

 

 

7,420

 

Total future lease payments

 

 

$

21,934

 

Less imputed interest

 

 

 

5,304

 

Present value of lease liabilities (1)

 

 

$

16,630

 

 

(1) Lease liabilities include those operating leases that we plan to sublease as a part of our facilities consolidation restructuring efforts. See Note 5 for additional information of restructuring.

Operating Lease Expense

The operating lease expense for the three and six months ended June 30, 2023 and 2022, were as follows (in thousands):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Operating lease expense

 

$

945

 

 

$

721

 

 

$

1,718

 

 

$

1,569