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Leases (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Schedule of Lease Cost Recognized in Consolidated Statement of Operations and Other Information

Lease cost recognized in the Company’s Consolidated Statements of Operations and other information is summarized as follows:

 

 

 

Years Ended December 31,

 

(In Thousands)

 

2021

 

 

2022

 

Operating lease cost

 

$

1,862

 

 

$

1,943

 

Short-term operating lease cost

 

 

8

 

 

 

202

 

Total operating lease cost

 

 

1,870

 

 

 

2,145

 

Other information:

 

 

 

 

 

 

 

 

Weighted-average remaining lease term -

   operating leases

 

1.9 years

 

 

1.2 years

 

Weighted-average discount rate -

   operating leases (1)

 

 

4.8

%

 

 

4.6

%

 

(1)

The discount rate used to compute the present value of the total lease liabilities as of December 31, 2021 and 2022 was based on the Company’s estimated incremental borrowing rate of similar secured borrowings available to the Company as of the commencement date of lease.

 

 
Schedule of Operating Lease Liabilities

As of December 31, 2022 the Company’s operating lease liabilities were as follows:

(In Thousands)

 

Total

 

Gross future operating lease payments

 

$

1,696

 

Less: imputed interest

 

 

(59

)

Present value of total operating lease liabilities

 

 

1,637

 

Less: current portion of operating lease liabilities

 

 

(1,252

)

Total long-term operating lease liabilities

 

$

385