Leases (Tables)
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6 Months Ended |
Jun. 30, 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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June 30, 2022 |
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December 31, 2021 |
| Assets |
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Right-of-use assets, operating leases |
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$ |
29,950 |
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$ |
30,811 |
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| Assets |
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Property, plant and equipment |
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1,605 |
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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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1,061 |
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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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259 |
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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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31,445 |
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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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1,363 |
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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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Three Months Ended June 30, |
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Six Months Ended June 30, |
| (in thousands) |
2022 |
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2021 |
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2022 |
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2021 |
| Operating lease cost |
$ |
1,043 |
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$ |
1,023 |
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$ |
2,091 |
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$ |
2,046 |
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| Finance lease cost: |
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| Amortization of right-of-use assets |
69 |
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11 |
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136 |
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20 |
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| Interest on finance lease liabilities |
9 |
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1 |
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18 |
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1 |
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| Sublease income |
(32) |
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— |
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$ |
(65) |
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$ |
— |
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| Total lease cost |
$ |
1,089 |
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$ |
1,035 |
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$ |
2,180 |
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$ |
2,067 |
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| Weighted-average remaining lease term |
June 30, 2022 |
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December 31, 2021 |
| Operating leases |
14.05 years |
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14.43 years |
| Finance leases |
6.59 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 |
2.28 |
% |
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2.27 |
% |
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| Schedule of Maturities For Sub Leases |
Future expected cash receipts from the sublease as of June 30, 2022 are as follows:
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| (in thousands) |
Sublease Receipts |
| Remainder of 2022 |
$ |
64 |
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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 |
$ |
2,086 |
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| Schedule of Maturities For Operating Leases |
The amounts of undiscounted future minimum lease payments under leases as of June 30, 2022 are as follows:
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| (in thousands) |
Operating |
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Finance |
| Remainder of 2022 |
$ |
1,873 |
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$ |
148 |
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| 2023 |
3,645 |
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283 |
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| 2024 |
3,667 |
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257 |
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| 2025 |
3,687 |
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244 |
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| 2026 |
3,703 |
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244 |
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| Thereafter |
39,916 |
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571 |
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| Total undiscounted minimum future lease payments |
56,491 |
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1,747 |
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| Imputed interest |
23,985 |
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125 |
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| Present value of lease liabilities |
$ |
32,506 |
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$ |
1,622 |
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| Schedule of Maturities For Finance Leases |
The amounts of undiscounted future minimum lease payments under leases as of June 30, 2022 are as follows:
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| (in thousands) |
Operating |
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Finance |
| Remainder of 2022 |
$ |
1,873 |
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$ |
148 |
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| 2023 |
3,645 |
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283 |
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| 2024 |
3,667 |
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257 |
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| 2025 |
3,687 |
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244 |
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| 2026 |
3,703 |
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244 |
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| Thereafter |
39,916 |
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571 |
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| Total undiscounted minimum future lease payments |
56,491 |
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1,747 |
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| Imputed interest |
23,985 |
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125 |
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| Present value of lease liabilities |
$ |
32,506 |
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$ |
1,622 |
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