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Leases | 12 Months Ended
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Dec. 31, 2021
Leases [Abstract] |
LEASES | NOTE 6. LEASES The Company’s operating lease arrangements consist of its corporate headquarters in Chandler, Arizona and field office facilities in most of the metropolitan markets in which the Company operates in the United States. These leases typically have original lease terms of 1 year to 6 years, and some leases contain multiyear renewal options. The Company does not have any finance lease arrangements. The Company’s operating lease costs are included in operating expenses in the accompanying consolidated statements of operations. During the year ended December 31, 2021, operating lease cost was $1.4 million, and variable and short-term lease costs were $0.2 million. Rent expense for operating leases, as previously reported under former lease accounting standards, was $1.4 million and $1.2 million during the years ended December 31, 2020 and 2019, respectively. During the year ended December 31, 2021, cash payments for amounts included in the measurement of operating lease liabilit ies was $1.4 million, and right-of-use assets obtained in exchange for new or acquired operating lease liabilities was $1.6 million. As of December 31, 2021, the Company’s operating leases had a weighted-average remaining lease term of 3.5 years and the weighted-average discount rate of 4.1%. The Company’s operating lease liability maturities as of December 31, 2021 are as follows:
($ in thousands) |  |  |
2022 |  | $ | 1,525 |
2023 |  |  | 1,637 |
2024 |  |  | 1,585 |
2025 |  |  | 640 |
2026 |  |  | 122 |
Thereafter |  |  | 42 |
Total future lease payments |  |  | 5,551 |
Less: Imputed interest |  |  | (376 | )
Total lease liabilities |  | $ | 5,175 |
The Company’s operating lease right-of-use assets and operating lease liabilities, and the associated financial statement line items, a s of December 31, 2021 are as follows:
($ in thousands) |  | Financial Statement Line Items |  | Balance |
Right-of-use assets |  | Other non-current assets |  | $ | 4,784 |
Lease liabilities: |  |  |  |  |
Current liabilities |  | Accrued and other current liabilities |  |  | 1,345 |
Non-current liabilities |  | Other long-term liabilities |  |  | 3,830 |
Total lease liabilities |  |  |  | $ | 5,175 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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