Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.22.0.1
Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases  
Schedule of components of lease expense

The components of lease expense for the period were as follows (in thousands):

December 31, 

December 31, 

2021

2020

Lease cost

Operating lease cost

 

$

13,602

 

$

11,613

Variable lease cost

7,400

2,001

Short-term lease cost

684

479

Sublease income

(493)

Total lease cost

 

$

21,686

 

$

13,600

Weighted average remaining lease term – operating leases

13 years

12 years

Weighted average discount rate – operating leases

8.43

%

8.09

%

Schedule of supplemental cash flow information related to leases

Supplemental cash flow information related to leases for the period was as follows (in thousands):

December 31, 

 

December 31, 

2021

 

2020

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

 

$

12,644

$

8,491

Right-of-use assets obtained in exchange for operating lease obligations

 

$

8,068

$

4,968

Schedule of maturities of operating lease liabilities

As of December 31, 2021, maturities of the Company’s operating lease liabilities are as follows (in thousands):

2022

$

11,364

2023

14,758

2024

14,250

2025

13,285

2026

13,209

Thereafter

122,827

Total lease payments

189,693

Less: imputed interest

(80,681)

Present value of operating lease liabilities

 

$

109,012