Leases (Tables)
|
12 Months Ended |
Dec. 31, 2021 |
|---|
| Leases [Abstract] |
|
| Changes in Carrying Amount of Company's AROs |
Changes in the carrying amounts of the Company’s AROs for the years ended December 31, 2021 and 2020 are shown below (in thousands):
|
|
|
2021
|
|
|
2020
|
|
|
Balance at beginning of year
|
|
$
|
1,490
|
|
|
$
|
1,365
|
|
|
Liabilities incurred in the current period
|
|
|
—
|
|
|
|
—
|
|
|
Accretion expense
|
|
|
135
|
|
|
|
125
|
|
|
Balance at end of year
|
|
$
|
1,625
|
|
|
$
|
1,490
|
|
|
| Components of Lease Expense |
The components of lease expense for the years ended December 31, 2021 and December 31, 2020 were as follows (in thousands):
|
|
|
2021
|
|
|
2020
|
|
|
Operating leases
|
|
|
|
|
|
|
|
|
|
Operating lease expense
|
|
$
|
2,778
|
|
|
$
|
2,520
|
|
|
Variable lease expense
|
|
|
476
|
|
|
|
491
|
|
|
Total operating lease expense
|
|
$
|
3,254
|
|
|
$
|
3,011
|
|
|
|
|
|
|
|
|
|
|
|
|
Finance leases
|
|
|
|
|
|
|
|
|
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Amortization of right-of-use asset
|
|
$
|
—
|
|
|
$
|
8
|
|
|
Interest on lease liabilities
|
|
|
—
|
|
|
|
1
|
|
|
Total finance lease expense
|
|
$
|
—
|
|
|
$
|
9
|
|
|
| Schedule of Balance Sheets Classification of Leases |
The following table summarizes the balance sheet classification of leases at December 31, 2021 (in thousands):
|
Operating leases
|
|
|
|
|
|
Operating lease right-of-use assets
|
|
$
|
8,608
|
|
|
|
|
|
|
|
|
Operating lease liabilities, current1
|
|
$
|
2,606
|
|
|
Operating lease liabilities, non-current
|
|
|
9,564
|
|
|
Total operating lease liabilities
|
|
$
|
12,170
|
|
|
|
|
|
|
|
|
|
1.
|
Included in other current liabilities.
|
|
| Schedule of Leases Information |
The following table presents other information on leases as of December 31, 2021 and December 31, 2020 (in thousands):
|
|
|
2021
|
|
|
2020
|
|
|
Weighted average remaining lease term, operating leases
|
|
5.65 years
|
|
|
6.1 years
|
|
|
Weighted average remaining lease term, finance leases
|
|
|
—
|
|
|
0.1 years
|
|
|
Weighted average discount rate, operating leases
|
|
|
7.02
|
%
|
|
|
7.04
|
%
|
|
Weighted average discount rate, finance leases
|
|
|
0.00
|
%
|
|
|
0.00
|
%
|
|
Right of use assets obtained in exchange for operating lease liabilities
|
|
$
|
—
|
|
|
$
|
2,735
|
|
|
| Schedule of Future Minimum Payments Under Operating Leases |
Future minimum payments required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year as of December 31, 2021 (in thousands):
|
|
|
Operating Leases
|
|
|
|
|
|
|
|
|
2022
|
|
|
3,359
|
|
|
2023
|
|
|
2,645
|
|
|
2024
|
|
|
2,218
|
|
|
2025
|
|
|
2,147
|
|
|
2026
|
|
|
1,559
|
|
|
Thereafter
|
|
|
2,686
|
|
|
Total lease payments
|
|
|
14,614
|
|
|
Less:
|
|
|
|
|
|
Imputed interest
|
|
|
(2,444
|
)
|
|
Total lease liabilities
|
|
$
|
12,170
|
|
|
| Supplemental Cash Flow Information |
Supplemental cash flow information related to the Company’s leases were as follows for the years ended December 31, 2021 and December 31, 2020 (in thousands):
|
|
|
2021
|
|
|
2020
|
|
|
Cash paid for amounts included in the measurement of lease liabilities:
|
|
|
|
|
|
|
|
|
|
Operating cash flows operating leases
|
|
$
|
3,204
|
|
|
$
|
2,453
|
|
|
Operating cash flows finance leases
|
|
|
—
|
|
|
|
1
|
|
|
Financing cash flows finance leases
|
|
$
|
1
|
|
|
$
|
18
|
|
|