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Leases (Tables)
6 Months Ended
Jun. 30, 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):
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 
Components of Lease Cost
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 
Operating Lease Maturity
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 
Financing Lease Maturity
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 
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 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
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—