Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.22.4
Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases  
Schedule of components of lease expense

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

December 31, 

December 31, 

2022

2021

Lease cost

Operating lease cost

 

$

14,587

 

$

13,602

Finance lease cost

Amortization of ROU assets

59

Interest on lease liabilities

25

Total finance lease cost

84

Variable lease cost (1)

11,373

7,400

Short-term lease cost

945

684

Total lease cost

 

$

26,989

 

$

21,686

Weighted average remaining lease term

Operating leases

13 years

13 years

Finance leases

5 years

Weighted average discount rate

Operating leases

8.40

%

8.43

%

Finance leases

8.96

%

%

(1) Variable lease cost is comprised of percentage rent and common area maintenance.
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, 

2022

 

2021

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

 

Operating cash flows from operating leases

$

13,297

$

12,644

Operating cash flows from finance leases

$

59

$

Financing cash flows from finance leases

$

51

$

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

Operating leases

$

5,487

$

8,068

Finance leases

 

$

1,000

$

Schedule of maturities of operating lease liabilities

As of December 31, 2022, maturities of the Company’s operating lease liabilities are as follows (in thousands):

2023

$

11,789

2024

14,881

2025

14,105

2026

14,047

2027

14,356

Thereafter

124,223

Total lease payments

193,401

Less: imputed interest

(81,818)

Present value of operating lease liabilities

 

$

111,583

Summary of components of finance lease assets and liabilities on the consolidated balance sheet

The components of finance lease assets and liabilities on the consolidated balance sheet were as follows (in thousands):

    

December 31, 

    

December 31, 

2022

2021

Finance lease right-of-use assets (1)

$

942

$

Current portion of finance lease liabilities (1)

 

177

 

Long-term portion of finance lease liabilities (1)

754

(1) Finance lease assets and liabilities are included in other assets, other current liabilities, and other long-term liabilities on the consolidated balance sheets.
Schedule of maturities of finance lease liabilities

As of December 31, 2022, maturities of the Company’s finance lease liabilities are as follows (in thousands):

2023

$

253

2024

233

2025

233

2026

233

2027

194

Total lease payments

1,146

Less: imputed interest

(215)

Present value of finance lease liabilities

 

$

931