Leases

12 Months Ended

Dec. 31, 2022

Lessee

At December 31, 2022 and 2021, 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,
		2022		2021
Right-of-use assets
Operating	Operating right-of-use assets	$	26,075	$	29,828
Financing	Property, plant and equipment, net	699		262
Total right-of use assets		$	26,774	$	30,090

Lease liabilities
Operating	Operating lease liabilities, current and long-term portions	$	28,552	$	32,719
Financing	Long-term debt, current and long-term portions	820		351
Total lease liabilities		$	29,372	$	33,070

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, 2022 and 2021 is as follows:


	Year ended December 31,
	2022		2021
Finance lease cost
Amortization of right-of-use assets	$	136	$	139
Interest on lease liabilities	20		28
Operating lease cost	12,214		11,008
Short-term lease cost	594		428


Total lease cost	$	12,964	$	11,603

Other information related to the Company’s leasing activity for year ended December 31, 2022 and 2021 is as follows:


	Year ended December 31,
	2022			2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows used for finance leases	$	20		$	28
Operating cash flows used for operating leases	$	12,626		$	10,083
Financing cash flows used for finance leases	$	116		$	123

Right-of-use assets obtained in exchange for new finance lease liabilities	$	590		$	—
Right-of-use assets obtained in exchange for new operating lease liabilities	$	6,721		$	6,903

Weighted average remaining lease term - finance leases	3.1 years			1.5 years
Weighted average discount rate - finance leases	9.37		%	6.60		%
Weighted average remaining lease term - operating leases	2.8 years			3.5 years
Weighted average discount rate - operating leases	5.81		%	5.81		%

Maturities of the Company’s lease liabilities as of December 31, 2022 are as follows:


Year	Operating Leases		Finance Leases		Total
2023	$	12,226	$	465	$	12,692
2024	9,448		179		9,627
2025	4,541		179		4,720
2026	3,191		164		3,355
2027	1,295		—		1,295
Thereafter	511		—		511
Total cash lease payments	31,213		987		32,200
Less: amounts representing interest	(2,661)		(167)		(2,827)
Total lease liabilities	$	28,552	$	820	$	29,372