Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.23.2
Leases (Tables)
 6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Assets and Liabilities
Total right-of-use (“ROU”) assets and lease liabilities are as follows:
June 30, December 31,
2023 2022
(In thousands)
Right-of-use assets:
Net book value (Other assets) $ 12,180  $ 13,545 
Operating lease liabilities:
Current (Accrued expense and other current liabilities) $ 2,345  $ 2,410 
Noncurrent (Other noncurrent liabilities) 11,024  12,201 
13,369  14,611 
Financing lease liabilities:
Current (Accrued expense and other current liabilities) $ 24  $ 35 
Noncurrent (Other noncurrent liabilities) —  5 
$ 24  $ 40 
Total lease liabilities $ 13,393  $ 14,651 
Lease-Related Balances
Information about lease-related balances were as follows:
Three Months Ended
June 30,		 Six Months Ended
June 30,
2023 2022 2023 2022
(In thousands, except years and percentages) (In thousands, except years and percentages)
Operating lease expense $ 746 $ 717 $ 1,510  1,434 
Financing lease expense 9 9 18  18 
Short-term lease expense 66 68 160 167
Total lease expense $ 821 $ 794 $ 1,688  1,619 
Cash paid for leases $ 700 $ 683 $ 1,406  964 
Weighted – average remaining lease term – operating leases (years) 3.6 4.4 3.6 4.4
Weighted – average discount rate – operating leases 8.7% 4.4% 8.7  % 4.4%
Future Minimum Operating Lease Payments
Maturity of operating lease liabilities as of June 30, 2023 are as follows:
(In thousands)
Remainder of 2023
 $ 1,380 
2024 2,730 
2025 2,266 
2026 2,313 
2027 2,400 
Thereafter 11,270 
Total operating lease payments $ 22,359 
Less portion representing imputed interest (8,990)
Total operating lease liabilities $ 13,369 
Less current portion 2,345 
Long-term portion $ 11,024