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Leases
 9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Leases Leases
The Company leases its office and manufacturing facilities under five non-cancellable operating leases which expire in 2023 to 2027. The agreements include a provision for renewal at the then prevailing market rate for terms specified in each lease. During the three months ended September 30, 2022, the manufacturing facility operating lease was re-measured in accordance with ASC 842, Leases, as management’s intent is to exercise the renewal option at the end of the lease term due to the significant leasehold improvement investments made to the facility.
Total right-of-use (“ROU”) assets and lease liabilities are as follows:
September 30,December 31,
20222021
(In thousands)
Right-of-use assets:
Net book value (Other assets)$15,092 $11,073 
Operating lease liabilities:
Current (Accrued expense and other current liabilities)$2,604 $2,222 
Noncurrent (Other noncurrent liabilities)13,200 9,143 
15,804 11,365 
Financing lease liabilities:
Current (Accrued expense and other current liabilities)$34 $33 
Noncurrent (Other noncurrent liabilities)14 41 
$48 $74 
Total lease liabilities$15,852 $11,439 
There were no impairments recorded related to these assets as of September 30, 2022 and December 31, 2021.
Information about lease-related balances were as follows:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2022202120222021
(In thousands, except years and percentages)
Operating lease expense$721$208$2,156$511
Financing lease expense992722
Short-term lease expense954126276
Total lease expense$825$258$2,445$609
Cash paid for leases$689$178$1,653$805
Weighted – average remaining lease term – operating leases (years)4.32.94.32.9
Weighted – average discount rate – operating leases8.6%4.4%8.6%4.4%
Maturity of operating lease liabilities as of September 30, 2022 are as follows:
(In thousands)
Remainder of 2022
$707 
20232,786 
20242,730 
20252,266 
20262,313 
Thereafter13,670 
Total operating lease payments$24,472 
Less portion representing imputed interest(8,668)
Total operating lease liabilities$15,804 
Less current portion2,604 
Long-term portion$13,200 
Leases Leases
The Company leases its office and manufacturing facilities under five non-cancellable operating leases which expire in 2023 to 2027. The agreements include a provision for renewal at the then prevailing market rate for terms specified in each lease. During the three months ended September 30, 2022, the manufacturing facility operating lease was re-measured in accordance with ASC 842, Leases, as management’s intent is to exercise the renewal option at the end of the lease term due to the significant leasehold improvement investments made to the facility.
Total right-of-use (“ROU”) assets and lease liabilities are as follows:
September 30,December 31,
20222021
(In thousands)
Right-of-use assets:
Net book value (Other assets)$15,092 $11,073 
Operating lease liabilities:
Current (Accrued expense and other current liabilities)$2,604 $2,222 
Noncurrent (Other noncurrent liabilities)13,200 9,143 
15,804 11,365 
Financing lease liabilities:
Current (Accrued expense and other current liabilities)$34 $33 
Noncurrent (Other noncurrent liabilities)14 41 
$48 $74 
Total lease liabilities$15,852 $11,439 
There were no impairments recorded related to these assets as of September 30, 2022 and December 31, 2021.
Information about lease-related balances were as follows:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2022202120222021
(In thousands, except years and percentages)
Operating lease expense$721$208$2,156$511
Financing lease expense992722
Short-term lease expense954126276
Total lease expense$825$258$2,445$609
Cash paid for leases$689$178$1,653$805
Weighted – average remaining lease term – operating leases (years)4.32.94.32.9
Weighted – average discount rate – operating leases8.6%4.4%8.6%4.4%
Maturity of operating lease liabilities as of September 30, 2022 are as follows:
(In thousands)
Remainder of 2022
$707 
20232,786 
20242,730 
20252,266 
20262,313 
Thereafter13,670 
Total operating lease payments$24,472 
Less portion representing imputed interest(8,668)
Total operating lease liabilities$15,804 
Less current portion2,604 
Long-term portion$13,200