Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.22.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Schedule of Operating and Finance leases recorded in Consolidated Balance Sheet
Operating and finance lease amounts included in the consolidated balance sheet are as follows (in thousands):
Year Ended December 31,
Classification Financial Statement Line Item 2021 2020
Operating lease assets Right-of-use assets, operating leases $ 30,811  $ 31,769 
Finance lease assets Property, plant and equipment, net 1,640  56 
Current liabilities Current portion of lease liabilities, operating leases 1,104  867 
Current liabilities Current portion of lease liabilities, finance leases 233  19 
Non-current liabilities Non-current portion of lease liabilities, operating leases 32,059  32,771 
Non-current liabilities Non-current portion of lease liabilities, finance leases $ 1,414  $ 37 
Schedule of Operating and Finance Leases Discount Rates, Total Lease Cost and Weighted Average Remaining Leases
Individual components of the total lease cost incurred by the Company are as follows:
Year Ended December 31,
(in thousands) 2021 2020
Operating lease cost1
$ 4,099  $ 4,124 
Finance lease cost:
Reduction in carrying amount of right-of-use assets 100  92 
Interest on finance lease liabilities 11  24 
Total lease cost $ 4,210  $ 4,240 
1 Includes short term leases and sublease income, which is immaterial
Year Ended December 31,
2021 2020
Weighted-average discount rate
Operating leases 8.30  % 8.33  %
Finance leases 2.27  % 2.44  %
Weighted-average remaining lease term
Operating leases 14.43 years 15.47 years
Finance leases 7.07 years 2.91 years
Schedule of Maturities For Operating Leases After Adoption of 842
The amounts of undiscounted future minimum lease payments under leases as of December 31, 2021 are as follows:
(in thousands) Operating Finance
2022 $ 3,782  $ 269 
2023 3,818  260 
2024 3,658  246 
2025 3,677  233 
2026 3,683  233 
Thereafter 39,865  543 
Total undiscounted minimum future lease payments 58,483  1,784 
Imputed Interest (25,320) (137)
Total lease liabilities $ 33,163  $ 1,647 
Schedule of Maturities For Finance Leases After Adoption of 842
The amounts of undiscounted future minimum lease payments under leases as of December 31, 2021 are as follows:
(in thousands) Operating Finance
2022 $ 3,782  $ 269 
2023 3,818  260 
2024 3,658  246 
2025 3,677  233 
2026 3,683  233 
Thereafter 39,865  543 
Total undiscounted minimum future lease payments 58,483  1,784 
Imputed Interest (25,320) (137)
Total lease liabilities $ 33,163  $ 1,647