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Leases
 6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Leases Leases
The Company entered into operating leases primarily for office facilities and finance leases primarily for computer and network equipment purchases. These leases have terms generally ranging from 3 years to 12 years. The Company’s lease agreements generally do not contain any material variable lease payments, residual value guarantees or restrictive covenants.
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):
LeasesClassificationJune 30, 2022
Non-Current Assets
Finance lease assetsProperty, plant and equipment, net$2,184 
Operating lease assetsOperating right-of-use asset6,199 
Total leased assets$8,383 
Current Liabilities
FinanceFinance lease liabilities, current$1,755 
OperatingOperating lease liabilities, current2,563 
Non-Current Liabilities
FinanceFinance lease liabilities719 
OperatingOperating lease liabilities6,024 
Total leased liabilities$11,061 
The components of lease cost were as follows (in thousands):
Lease CostClassificationThree Months Ended
June 30, 2022		Six Months Ended
June 30, 2022
Finance lease cost
Amortization of right-of-use assetsDepreciation and amortization$438 $876 
Interest on finance lease liabilitiesInterest expense23 68 
Operating lease costSelling, general and administrative expenses566 1,171 
Variable lease costSelling, general and administrative expenses102 180 
Total lease cost$1,129 $2,295 
The undiscounted future lease payments under the lease liabilities as of June 30, 2022 were as follows (in thousands):
Maturity of Lease LiabilitiesFinance LeaseOperating Lease
Remainder of 2022$876 $1,402 
20231,607 2,802 
202480 2,746 
2025— 2,158 
Total lease payments2,563 9,108 
Less imputed interest(89)(521)
Present value of lease liabilities$2,474 $8,587 
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 
Under ASC 840, the previous lease standard, rent expense, including common area maintenance charges, related to operating leases was $2.9 million, $2.8 million and $3.0 million, for 2021, 2020 and 2019, respectively.
The weighted-average lease term and discount rate as of June 30, 2022 were as follows:
Finance LeaseOperating Lease
Weighted-average remaining lease term1.4 years3.3 years
Weighted-average discount rate4.59 %3.77 %
Supplemental cash flow information was as follows (in thousands):
Six Months Ended
June 30, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used by operating leases$1,092 
Financing cash used by finance leases972 
Right of use assets obtained in exchange for new lease liabilities:
Operating leases - adoption7,246 
Operating leases - six months ended June 30, 2022— 
Finance leases— 
Leases Leases
The Company entered into operating leases primarily for office facilities and finance leases primarily for computer and network equipment purchases. These leases have terms generally ranging from 3 years to 12 years. The Company’s lease agreements generally do not contain any material variable lease payments, residual value guarantees or restrictive covenants.
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):
LeasesClassificationJune 30, 2022
Non-Current Assets
Finance lease assetsProperty, plant and equipment, net$2,184 
Operating lease assetsOperating right-of-use asset6,199 
Total leased assets$8,383 
Current Liabilities
FinanceFinance lease liabilities, current$1,755 
OperatingOperating lease liabilities, current2,563 
Non-Current Liabilities
FinanceFinance lease liabilities719 
OperatingOperating lease liabilities6,024 
Total leased liabilities$11,061 
The components of lease cost were as follows (in thousands):
Lease CostClassificationThree Months Ended
June 30, 2022		Six Months Ended
June 30, 2022
Finance lease cost
Amortization of right-of-use assetsDepreciation and amortization$438 $876 
Interest on finance lease liabilitiesInterest expense23 68 
Operating lease costSelling, general and administrative expenses566 1,171 
Variable lease costSelling, general and administrative expenses102 180 
Total lease cost$1,129 $2,295 
The undiscounted future lease payments under the lease liabilities as of June 30, 2022 were as follows (in thousands):
Maturity of Lease LiabilitiesFinance LeaseOperating Lease
Remainder of 2022$876 $1,402 
20231,607 2,802 
202480 2,746 
2025— 2,158 
Total lease payments2,563 9,108 
Less imputed interest(89)(521)
Present value of lease liabilities$2,474 $8,587 
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 
Under ASC 840, the previous lease standard, rent expense, including common area maintenance charges, related to operating leases was $2.9 million, $2.8 million and $3.0 million, for 2021, 2020 and 2019, respectively.
The weighted-average lease term and discount rate as of June 30, 2022 were as follows:
Finance LeaseOperating Lease
Weighted-average remaining lease term1.4 years3.3 years
Weighted-average discount rate4.59 %3.77 %
Supplemental cash flow information was as follows (in thousands):
Six Months Ended
June 30, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used by operating leases$1,092 
Financing cash used by finance leases972 
Right of use assets obtained in exchange for new lease liabilities:
Operating leases - adoption7,246 
Operating leases - six months ended June 30, 2022— 
Finance leases—