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Leases
 3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Leases LEASES
The Company has operating leases with fixed payment terms for certain buildings and warehouses. The Company's leases have remaining lease terms of less than one year to four years, some of which include options to extend the lease for five years. Operating leases are included in operating lease right-of-use ("ROU") assets, accrued other liabilities and other non-current liabilities in the Consolidated Balance Sheets. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease.
The Company used the applicable incremental borrowing rate at implementation date to measure lease liabilities and ROU assets. The incremental borrowing rate used by the Company was based on baseline rates and adjusted by the credit spreads commensurate with the Company’s secured borrowing rate. At each reporting period when there is a new lease initiated, the Company will utilize its incremental borrowing rate to perform lease classification tests on lease components and to measure ROU assets and lease liabilities.
The components of lease expense were as follows (in thousands):
Three Months Ended
March 31,
20222021
Operating lease cost$475 $368 
Other supplemental balance sheet information related to leases was as follows (in thousands):
March 31, 2022December 31, 2021
Operating lease right of use assets$5,081 $5,577 
Current operating lease liabilities(A)
$1,497 $1,489 
Noncurrent operating lease liabilities(B)
3,688 4,024 
Total operating lease liabilities$5,185 $5,513 
(A)Current operating lease liabilities are included in accrued other liabilities in the Consolidated Balance Sheets.
(B)Noncurrent operating lease liabilities are included in other non-current liabilities in the Consolidated Balance Sheets.
The following table presents certain information related to lease terms and discount rates for leases:
Operating leasesMarch 31, 2022December 31, 2021
Weighted average remaining lease term (in years):3.94.2
Weighted average discount rate:4.0 %4.1 %
Other information related to leases were as follows (in thousands):
Three months ended
March 31,
20222021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases(C)
$475 $368 
(C)Cash flow from operating leases are included in prepaid and other assets in the Consolidated Statements of Cash Flows.
Maturities of operating lease liabilities were as follows (in thousands):
March 31, 2022
December 31, 2021
2022 (remainder of year)$1,203 $1,567 
20231,511 1,468 
20241,517 1,473 
2025803 783 
2026698 698 
Total lease payments5,732 5,989 
Less: imputed interest(547)(476)
Total lease obligations5,185 5,513 
Less: current obligations(1,497)(1,489)
Long-term lease obligations$3,688 $4,024