Leases (Tables)
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3 Months Ended |
Mar. 31, 2022 |
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| Leases [Abstract] |
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| Schedule of Operating and Finance Leases Recorded in Consolidated Balance Sheet |
Operating and finance lease amounts included in the unaudited condensed consolidated balance sheet are as follows (in thousands):
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| Classification |
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Financial Statement Line Item |
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March 31, 2022 |
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December 31, 2021 |
| Assets |
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Right-of-use assets, operating leases |
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$ |
30,431 |
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$ |
30,811 |
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| Assets |
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Property, plant and equipment |
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1,598 |
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1,640 |
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| Current liabilities |
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Current portion of lease liabilities, operating leases |
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1,140 |
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1,104 |
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| Current liabilities |
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Current portion of lease liabilities, finance leases |
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248 |
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233 |
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| Non-current liabilities |
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Non-current portion of lease liabilities, operating leases |
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31,748 |
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32,059 |
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| Non-current liabilities |
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Non-current portion of lease liabilities, finance leases |
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1,362 |
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1,414 |
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| Schedule of Operating and Finance Leases Discount Rates, Total Lease Cost and Weighted Average Remaining Lease Terms |
Individual components of the total lease cost incurred by the Company are as follows:
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| (in thousands) |
Three Months Ended March 31, 2022 |
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Three Months Ended March 31, 2021 |
| Operating lease cost |
$ |
1,048 |
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$ |
1,023 |
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| Finance lease cost: |
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| Amortization of right-of-use assets |
67 |
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9 |
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| Interest on finance lease liabilities |
9 |
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— |
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| Sublease income |
$ |
(33) |
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$ |
— |
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| Total lease cost |
$ |
1,091 |
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$ |
1,032 |
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| Weighted-average remaining lease term |
March 31, 2022 |
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December 31, 2021 |
| Operating leases |
14.21 years |
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14.43 years |
| Finance leases |
6.79 years |
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7.07 years |
| Weighted-average discount rate |
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| Operating leases |
8.30 |
% |
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8.30 |
% |
| Finance leases |
2.29 |
% |
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2.27 |
% |
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| Schedule of Maturities For Sub Leases After Adoption of 842 |
Future expected cash receipts from the sublease as of March 31, 2022 are as follows:
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| (in thousands) |
Sublease Receipts |
| Remainder of 2022 |
$ |
95 |
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| 2023 |
129 |
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| 2024 |
132 |
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| 2025 |
134 |
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| 2026 |
137 |
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| Thereafter |
1,490 |
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| Total sublease receipts |
$ |
2,117 |
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| Schedule of Maturities For Operating Leases After Adoption of 842 |
The amounts of undiscounted future minimum lease payments under leases as of March 31, 2022 are as follows:
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| (in thousands) |
Operating |
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Finance |
| Remainder of 2022 |
$ |
2,548 |
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$ |
211 |
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| 2023 |
3,818 |
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272 |
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| 2024 |
3,658 |
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246 |
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| 2025 |
3,677 |
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233 |
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| 2026 |
3,683 |
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233 |
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| Thereafter |
39,866 |
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542 |
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| Total undiscounted minimum future lease payments |
57,250 |
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1,737 |
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| Imputed interest |
24,362 |
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127 |
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| Present value of lease liabilities |
$ |
32,888 |
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$ |
1,610 |
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| Schedule of Maturities For Finance Leases After Adoption of 842 |
The amounts of undiscounted future minimum lease payments under leases as of March 31, 2022 are as follows:
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| (in thousands) |
Operating |
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Finance |
| Remainder of 2022 |
$ |
2,548 |
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$ |
211 |
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| 2023 |
3,818 |
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272 |
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| 2024 |
3,658 |
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246 |
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| 2025 |
3,677 |
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233 |
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| 2026 |
3,683 |
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233 |
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| Thereafter |
39,866 |
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542 |
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| Total undiscounted minimum future lease payments |
57,250 |
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1,737 |
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| Imputed interest |
24,362 |
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127 |
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| Present value of lease liabilities |
$ |
32,888 |
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$ |
1,610 |
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