Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.2
Leases (Tables)
6 Months Ended
Jun. 30, 2022
Leases  
Schedule of components of lease expense

The components of lease expense for the six months ended June 30, 2022 and 2021 are as follows (in thousands):

June 30, 

 

June 30, 

 

2022

 

2021

 

Lease cost

Operating lease cost

 

$

7,317

 

$

6,621

Variable lease cost

5,597

2,622

Short-term lease cost

521

322

Total lease cost

 

$

13,435

 

$

9,565

Weighted average remaining lease term – operating leases

13 years

13 years

Weighted average discount rate – operating leases

8.40

%

8.49

%

Schedule of supplemental cash flow information related to leases

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

June 30, 

June 30, 

2022

2021

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

 

$

6,531

 

$

5,682

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

 

$

3,709

 

$

34

Schedule of maturities of operating lease liabilities

As of June 30, 2022, maturities of the Company’s operating lease liabilities are as follows (in thousands):

2022, six months remaining

$

3,164

2023

15,164

2024

14,663

2025

13,705

2026

13,636

Thereafter

131,925

Total lease payments

192,257

Less: imputed interest

(81,879)

Present value of operating lease liabilities

 

$

110,378