Leases (Tables)
|
12 Months Ended |
Dec. 31, 2022 |
Dec. 31, 2021 |
| Leases [Abstract] |
|
|
| Supplemental Lease Information |
Supplemental balance sheet information related to leases was as follows (in thousands, except lease term and discount rate):
|
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|
|
|
|
|
December 31, 2022 |
| Operating leases |
|
| Assets |
|
| Operating lease right-of-use assets |
$ |
25,149 |
|
| Liabilities |
|
| Operating lease liabilities, current |
$ |
3,710 |
|
| Operating lease liabilities, non-current |
23,613 |
|
| Total operating lease liabilities |
$ |
27,323 |
|
|
|
| Finance leases |
|
| Assets |
|
| Financing lease right-of-use assets |
$ |
4,903 |
|
| Accumulated amortization |
(1,638) |
|
| Financing lease right-of-use assets, net |
$ |
3,265 |
|
| Liabilities |
|
| Finance lease liabilities, current |
$ |
522 |
|
| Finance lease liabilities, non-current |
821 |
|
| Total finance lease liabilities |
$ |
1,343 |
|
|
|
|
|
|
|
|
December 31, 2022 |
| Weighted-average remaining lease term (years) |
|
| Operating leases |
7.7 years |
| Finance leases |
3.0 years |
|
|
| Weighted-average discount rate |
|
| Operating leases |
5.6 |
% |
| Finance leases |
6.9 |
% |
|
|
The table below presents certain supplemental information related to the cash flows for operating and finance leases recorded on the consolidated statements of cash flows:
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|
|
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|
|
Year Ended December 31, |
|
2022 |
| Cash paid for amounts included in the measurement of lease liabilities |
|
| Operating cash flows from operating leases |
$ |
(5,427) |
|
| Operating cash flows from finance leases |
$ |
(66) |
|
| Finance cash flows from finance leases |
$ |
(777) |
|
|
|
| Right-of-use assets obtained in exchange for lease obligations: |
|
| Operating lease liabilities |
$ |
29,202 |
|
| Finance lease liabilities |
$ |
694 |
|
|
|
| Lease Costs |
The table below presents certain information related to the lease costs for the year ended December 31, 2022:
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|
|
|
|
|
|
Year Ended December 31, |
|
2022 |
| Operating lease cost |
$ |
5,640 |
|
|
|
| Finance Leases |
|
| Amortization of right-of-use assets |
537 |
|
| Interest on lease liabilities |
66 |
|
|
|
| Other Lease Costs |
|
| Short-term lease cost |
1,402 |
|
Variable lease cost(1)
|
1,235 |
|
| Total lease cost |
$ |
8,880 |
|
(1) Consist primarily of common-area maintenance, taxes and utilities
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|
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| Schedule of Future Minimum Payments, Operating Leases |
Maturities of lease liabilities as of December 31, 2022 were as follows:
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|
|
|
|
|
|
|
|
|
|
December 31, 2022 |
|
Operating Leases |
|
Finance Leases |
| 2023 |
$ |
5,028 |
|
|
$ |
542 |
|
| 2024 |
4,840 |
|
|
473 |
|
| 2025 |
4,774 |
|
|
173 |
|
| 2026 |
4,714 |
|
|
155 |
|
| 2027 |
4,675 |
|
|
50 |
|
| 2028 and thereafter |
10,759 |
|
|
— |
|
| Total undiscounted lease payments |
$ |
34,790 |
|
|
$ |
1,393 |
|
| Less: imputed interest |
(7,467) |
|
|
(50) |
|
| Total lease liabilities |
$ |
27,323 |
|
|
$ |
1,343 |
|
|
|
| Schedule of Future Minimum Payments, Finance Leases |
Maturities of lease liabilities as of December 31, 2022 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2022 |
|
Operating Leases |
|
Finance Leases |
| 2023 |
$ |
5,028 |
|
|
$ |
542 |
|
| 2024 |
4,840 |
|
|
473 |
|
| 2025 |
4,774 |
|
|
173 |
|
| 2026 |
4,714 |
|
|
155 |
|
| 2027 |
4,675 |
|
|
50 |
|
| 2028 and thereafter |
10,759 |
|
|
— |
|
| Total undiscounted lease payments |
$ |
34,790 |
|
|
$ |
1,393 |
|
| Less: imputed interest |
(7,467) |
|
|
(50) |
|
| Total lease liabilities |
$ |
27,323 |
|
|
$ |
1,343 |
|
|
|
| Schedule of Future Minimum Payments Prior Standard, Operating Leases |
|
Prior to the adoption of ASC 842, future minimum payments for noncancellable operating and finance leases as of December 31, 2021 under ASC 840 were as follows:
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|
|
|
|
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|
|
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|
December 31, 2021 |
|
Operating Leases |
|
Finance Leases |
| 2022 |
$ |
5,543 |
|
|
$ |
771 |
|
| 2023 |
4,315 |
|
|
248 |
|
| 2024 |
3,517 |
|
|
183 |
|
| 2025 |
718 |
|
|
110 |
|
| 2026 |
654 |
|
|
98 |
|
| 2027 and thereafter |
3,136 |
|
|
33 |
|
| Total minimum future lease payments, operating leases |
$ |
17,883 |
|
|
$ |
1,443 |
|
| Less current portion |
|
|
(771) |
|
| Noncurrent portion |
|
|
$ |
672 |
|
|
| Schedule of Future Minimum Payments, Prior Standard, Capital Leases |
|
Prior to the adoption of ASC 842, future minimum payments for noncancellable operating and finance leases as of December 31, 2021 under ASC 840 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2021 |
|
Operating Leases |
|
Finance Leases |
| 2022 |
$ |
5,543 |
|
|
$ |
771 |
|
| 2023 |
4,315 |
|
|
248 |
|
| 2024 |
3,517 |
|
|
183 |
|
| 2025 |
718 |
|
|
110 |
|
| 2026 |
654 |
|
|
98 |
|
| 2027 and thereafter |
3,136 |
|
|
33 |
|
| Total minimum future lease payments, operating leases |
$ |
17,883 |
|
|
$ |
1,443 |
|
| Less current portion |
|
|
(771) |
|
| Noncurrent portion |
|
|
$ |
672 |
|
|