Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.2
Leases (Tables)
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Components of Lease Expense

The following table summarizes the components of lease expense for the three and six months ended June 30, 2022 (in thousands):

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

 

2022

 

 

2022

 

Operating leases

 

 

 

 

 

 

 

Operating lease expense

$

601

 

 

$

1,201

 

Variable lease expense

 

91

 

 

 

211

 

Total operating lease expense

$

692

 

 

$

1,412

 

 

Schedule of Balance Sheets Classification of Leases

The following table summarizes the balance sheet classification of leases at June 30, 2022 (in thousands):

 

 

 

 

Operating leases

 

 

 

Operating lease right-of-use assets

$

7,794

 

 

 

 

 

Operating lease liabilities, current1

$

2,459

 

Operating lease liabilities, non-current

 

8,444

 

Total operating lease liabilities

$

10,903

 

 

1.

Included in other current liabilities.

Schedule of Leases Information

The following table presents other information on leases as of June 30, 2022 and December 31, 2021:

 

 

2022

 

2021

Weighted average remaining lease term, operating leases

 

5.10 years

 

5.65 years

Weighted average discount rate, operating leases

 

7.01%

 

7.02%

 

 

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities were as follows as of June 30, 2022 (in thousands):

 

 

Operating Leases

 

2022 (remaining)

 

$

1,648

 

2023

 

 

2,689

 

2024

 

 

2,218

 

2025

 

 

2,147

 

2026

 

 

1,559

 

Thereafter

 

 

2,686

 

Total lease payments

 

 

12,947

 

Less:

 

 

 

 

Imputed interest

 

 

(2,044

)

Total lease liabilities

 

$

10,903

 

 

Supplemental Cash Flow Information

Supplemental cash flow information related to the Company’s leases were as follows (in thousands):

 

 

Six Months Ended

June 30,

 

 

 

2022

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

Operating cash flows operating leases

 

$

1,668