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Leases (Tables)
3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Supplemental Balance Sheet Classification
The balance sheet classification of the Company’s right-of-use assets and lease liabilities as of the period presented was as follows (in thousands):
LeasesClassificationMarch 31, 2022
Non-Current Assets
Finance lease assetsProperty, plant and equipment, net$2,622 
Operating lease assetsOperating right-of-use asset6,755 
Total leased assets$9,377 
Current Liabilities
FinanceFinance lease liabilities, current$1,637 
OperatingOperating lease liabilities, current2,462 
Non-Current Liabilities
FinanceFinance lease liabilities1,377 
OperatingOperating lease liabilities6,744 
Total leased liabilities$12,220 
Components of Lease Cost
The components of lease cost were as follows (in thousands):
Lease CostClassificationThree Months Ended
March 31, 2022
Finance lease cost
Amortization of right-of-use assetsDepreciation and amortization$438 
Interest on finance lease liabilitiesInterest expense45 
Total finance lease cost$483 
Operating lease costSelling, general and administrative expenses$683 
Operating Lease Maturity
The undiscounted future lease payments under the lease liabilities as of March 31, 2022 were as follows (in thousands):
Maturity of Lease LiabilitiesFinance LeaseOperating Lease
Remainder of 2022$1,449 $2,039 
20231,607 2,832 
202480 2,777 
2025— 2,169 
Total lease payments3,136 9,817 
Less imputed interest(122)(611)
Present value of lease liabilities$3,014 $9,206 
Financing Lease Maturity
The undiscounted future lease payments under the lease liabilities as of March 31, 2022 were as follows (in thousands):
Maturity of Lease LiabilitiesFinance LeaseOperating Lease
Remainder of 2022$1,449 $2,039 
20231,607 2,832 
202480 2,777 
2025— 2,169 
Total lease payments3,136 9,817 
Less imputed interest(122)(611)
Present value of lease liabilities$3,014 $9,206 
Operating Lease Maturity - 840
The undiscounted future lease payments as of December 31, 2021 prior to the Company’s adoption of the new lease standard were as follows (in thousands):
Finance LeaseOperating Lease
2022$1,888 $2,633 
20231,607 2,844 
202480 2,789 
2025— 2,272 
Total payments3,575 10,538 
Less: Amount representing interest(159)— 
Total payments, net of interest$3,416 $10,538 
Finance Lease Maturity - 840
The undiscounted future lease payments as of December 31, 2021 prior to the Company’s adoption of the new lease standard were as follows (in thousands):
Finance LeaseOperating Lease
2022$1,888 $2,633 
20231,607 2,844 
202480 2,789 
2025— 2,272 
Total payments3,575 10,538 
Less: Amount representing interest(159)— 
Total payments, net of interest$3,416 $10,538 
Weighted-Average Lease Term and Discount Rate
The weighted-average lease term and discount rate as of March 31, 2022 were as follows:
Finance LeaseOperating Lease
Weighted-average remaining lease term1.7 years3.6 years
Weighted-average discount rate4.45 %3.76 %
Supplemental Cash Flow Information
Supplemental cash flow information was as follows (in thousands):
Three Months Ended
March 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used by operating leases$470 
Financing cash used by finance leases417 
Right of use assets obtained in exchange for new lease liabilities:
Operating leases - adoption7,246 
Operating leases - three months ended March 31, 2022— 
Finance leases—