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Leases (Tables)
9 Months Ended
Sep. 30, 2021
Lessee Disclosure [Abstract]  
Summary of Components of Lease Expense

The components of lease expense are as follows:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Operating Lease Cost

 

$

655

 

 

$

330

 

 

$

1,574

 

 

$

964

 

Finance Lease Cost

 

 

 

 

 

 

 

 

 

 

 

 

    Amortization of right-of use assets

 

 

571

 

 

 

150

 

 

 

910

 

 

 

476

 

    Interest on lease liabilities

 

 

49

 

 

 

17

 

 

 

84

 

 

 

56

 

Total Finance Lease Cost

 

$

620

 

 

$

167

 

 

$

994

 

 

$

532

 

Summary of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases is as follows:

 

 

Nine Months Ended September 30,

 

 

 

2021

 

 

2020

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

1,182

 

 

$

965

 

Operating cash flows from financing leases

 

 

84

 

 

 

56

 

Financing cash flows from financing leases

 

 

1,111

 

 

 

521

 

Non-cash activity:

 

 

 

 

 

 

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

 

 

45

 

 

 

498

 

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

 

 

2,746

 

 

 

46

 

Summary of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases is as follows:

 

 

September 30, 2021

 

 

December 31, 2020

 

Operating Leases

 

 

 

 

 

 

Right-of-use assets

 

$

9,615

 

 

$

4,461

 

 

 

 

 

 

 

 

Current lease liabilities

 

 

2,178

 

 

 

1,125

 

Non-current lease liabilities

 

 

7,740

 

 

 

3,591

 

   Total operating lease liabilities

 

$

9,918

 

 

$

4,716

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance Leases

 

 

 

 

 

 

Right-of-use assets

 

$

4,629

 

 

$

1,312

 

 

 

 

 

 

 

 

Current lease liabilities

 

 

1,912

 

 

 

517

 

Non-current lease liabilities

 

 

2,834

 

 

 

895

 

   Total finance lease liabilities

 

$

4,746

 

 

$

1,412

 

Summary of Lease Term and Discount Rate

 

Weighted Average Remaining Lease Term

 

 

 

Weighted-average remaining lease term—operating leases

 

 

5.42

 

Weighted-average remaining lease term—finance leases

 

 

2.49

 

 

 

 

 

Weighted Average Discount Rate

 

 

 

Weighted-average discount rate—operating leases

 

 

3.92

%

Weighted-average discount rate—finance leases

 

 

3.45

%

Schedule of Minimum Lease Payments by Period Expected

As of September 30, 2021, minimum lease payments by period are expected to be as follows:

 

 

 

 

 

 

 

 Finance

 

 

Operating

 

2021 (excluding the nine months ended September 30, 2021)

$

510

 

 

$

628

 

2022

 

2,040

 

 

 

2,493

 

2023

 

1,810

 

 

 

1,776

 

2024

 

582

 

 

 

1,808

 

2025

 

4

 

 

 

1,443

 

Thereafter

 

 

 

 

2,808

 

Total Minimum Lease Payments

 

4,946

 

 

 

10,956

 

Less: imputed interest

 

(200

)

 

 

(1,038

)

Present Value of Lease Liabilities

$

4,746

 

 

$

9,918