Leases

12 Months Ended

Dec. 31, 2021

Lessee

At December 31, 2021 and 2020, the operating and financing components of the Company’s right-of-use assets and lease liabilities on the consolidated balance sheet are as follows:


	Balance Sheet Location	December 31,
		2021		2020
Right-of-use assets
Operating	Operating right-of-use assets	$	29,828	$	32,099
Financing	Property, plant and equipment, net	262		373
Total right-of use assets		$	30,090	$	32,472

Lease liabilities
Operating	Operating lease liabilities, current and long-term portions	$	32,719	$	34,097
Financing	Long-term debt, current and long-term portions	351		474
Total lease liabilities		$	33,070	$	34,571

Operating lease costs are recorded in a single expense on the statements of operations and allocated to the right-of-use assets and the related lease liabilities as depreciation expense and interest expense, respectively. Lease cost recognized in the consolidated statements of operations for the years ended December 31, 2021 and 2020 is as follows:


	Year ended December 31,
	2021		2020
Finance lease cost
Amortization of right-of-use assets	$	139	$	139
Interest on lease liabilities	28		36
Operating lease cost	11,008		12,087
Short-term lease cost	428		238


Total lease cost	$	11,603	$	12,500

Other information related to the Company’s leasing activity for year ended December 31, 2021 and 2020 is as follows:


	Year ended December 31,
	2021			2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows used for finance leases	$	28		$	36
Operating cash flows used for operating leases	$	10,083		$	10,523
Financing cash flows used for finance leases	$	123		$	123


Right-of-use assets obtained in exchange for new operating lease liabilities	$	6,903		$	15,510

Weighted average remaining lease term - finance leases	1.5 years			2.6 years
Weighted average discount rate - finance leases	6.60		%	6.60		%
Weighted average remaining lease term - operating leases	3.5 years			3.9 years
Weighted average discount rate - operating leases	5.81		%	5.78		%

Maturities of the Company’s lease liabilities as of December 31, 2021 are as follows:


Year	Operating Leases		Finance Leases		Total
2022	$	10,655	$	136	$	10,791
2023	10,135		245		10,380
2024	7,567		—		7,567
2025	3,773		—		3,773
2026 and thereafter	4,450		—		4,450
Total cash lease payments	36,580		381		36,961
Less: amounts representing interest	(3,861)		(30)		(3,891)
Total lease liabilities	$	32,719	$	351	$	33,070