Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.21.2
Leases (Tables)
9 Months Ended
Sep. 30, 2021
Leases [Abstract]  
Information Related to Lease Costs
The components of lease expense were as follows (in thousands):
Three Months Ended September 30,
2021 2020
Operating lease cost
$ 1,379  $ 1,784 
Finance lease cost
Amortization of lease expense
27  26 
Interest on lease liabilities
Sublease income (235) (206)
Total lease cost, net $ 1,174  $ 1,607 
Nine Months Ended
September 30,
2021 2020
Operating lease cost $ 3,893  $ 5,172 
Finance lease cost
Amortization of lease expense 81  78 
Interest on lease liabilities 11 
Sublease income (709) (567)
Total lease cost, net $ 3,273  $ 4,694 
Other information related to leases was as follows (in thousands):
Three Months Ended
September 30,
2021 2020
Supplemental Cash Flow Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases $ 1,414  $ 1,489 
Operating cash flows from finance leases
Financing cash flows from finance leases 27  26 
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases $ —  — 
Nine Months Ended September 30,
2021 2020
 
Supplemental Cash Flow Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases $ 3,903  $ 4,369 
Operating cash flows from finance leases 11 
Financing cash flows from finance leases 81  78 
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases $ —  $ 7,652 
Nine Months Ended September 30,
2021 2020
Weighted Average Remaining Lease Term
Operating leases 6.44 years 6.93 years
Finance leases 2.92 years 3.92 years
Weighted Average Discount Rate
Operating leases 6.10  % 6.10  %
Finance leases 3.00  % 3.00  %
Schedule of Future Minimum Operating Lease Payments After Adoption of 842
Future minimum lease payments under non-cancellable leases as of September 30, 2021, is as follows (in thousands):
September 30, 2021
Operating Leases
Finance Leases
2021 (excluding the nine months ended September 30, 2021)
$ 950  $ 29 
2022 3,529  119 
2023 3,303  119 
2024 2,940  79 
2025 2,648  — 
Thereafter
6,811  — 
Total future minimum lease payments
20,181  346 
Less: imputed interest
3,667  15 
Total lease liabilities
16,514  331 
Less: current portion
2,658  110 
Long-term lease liabilities
$ 13,856  $ 221 
Schedule of Future Minimum Finance Lease Payments After Adoption of 842
Future minimum lease payments under non-cancellable leases as of September 30, 2021, is as follows (in thousands):
September 30, 2021
Operating Leases
Finance Leases
2021 (excluding the nine months ended September 30, 2021)
$ 950  $ 29 
2022 3,529  119 
2023 3,303  119 
2024 2,940  79 
2025 2,648  — 
Thereafter
6,811  — 
Total future minimum lease payments
20,181  346 
Less: imputed interest
3,667  15 
Total lease liabilities
16,514  331 
Less: current portion
2,658  110 
Long-term lease liabilities
$ 13,856  $ 221