XML 35 R22.htm IDEA: XBRL DOCUMENT v3.23.1
Leases
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Leases Leases
The Company has operating leases for real estate and certain equipment. The Company leases office space in Canada, France, Germany, Spain, the U.K. and the U.S. under operating leases. Our leases have remaining lease terms ranging from less than one year to up to eight years. Certain leases include one or more options to renew. In addition, we sublease certain real estate to a third party. All of our leases qualify as operating leases.
The following table summarizes the components of lease expense for the year ended December 31, 2022 and 2021 (in thousands):
Year Ended December 31,
20222021
Operating lease cost$2,316 $3,270 
Short-term lease cost— 12 
Variable lease cost683 992 
Sublease income(353)(359)
    Total lease cost$2,646 $3,915 
For the year ended December 31, 2022 and 2021, cash payments against the operating lease liabilities totaled $3.2 million and $4.3 million, respectively. ROU assets obtained in exchange for lease obligations was $1.7 million and $1.8 million for the year ended December 31, 2022 and 2021, respectively.
The following table summarizes the presentation in our consolidated balance sheet of our operating leases (in thousands):
December 31,
20222021
Assets:
Operating lease right-of-use assets$7,440 $7,700 
Liabilities:
Operating lease liabilities$2,972 $3,180 
Long-term operating lease liabilities8,326 9,111 
Total operating lease liabilities$11,298 $12,291 
Weighted average remaining lease term (years)5.876.68
Weighted average discount rate4.3 %3.4 %
Maturities of lease liabilities were as follows (in thousands):
Years ending December 31,
2023$3,028 
20242,130 
20251,350 
20261,350 
20271,350 
Thereafter2,925 
    Total lease payments12,133 
Less interest(835)
    Present value of operating lease liabilities$11,298