Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.2
Leases (Tables)
 6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Assets and Liabilities
Total right-of-use (“ROU”) assets and lease liabilities are as follows:
June 30, December 31,
2022 2021
(In thousands)
Right-of-use assets:
Net book value (Other assets) $ 9,737  $ 11,073 
Operating lease liabilities:
Current (Accrued expense and other current liabilities) $ 2,576  $ 2,222 
Noncurrent (Other noncurrent liabilities) 7,867  9,143 
10,443  11,365 
Financing lease liabilities:
Current (Accrued expense and other current liabilities) $ 34  $ 33 
Noncurrent (Other noncurrent liabilities) 24  41 
$ 58  $ 74 
Total lease liabilities $ 10,501  $ 11,439 
Lease-Related Balances
Information about lease-related balances were as follows:
Three Months Ended June 30, Six Months Ended June 30,
2022 2021 2022 2021
(In thousands, except years and percentages)
Operating lease expense $ 717 $ 161 $ 1,434 $ 304
Financing lease expense 9 10 18 13
Short-term lease expense 68 10 167 25
Total lease expense $ 794 $ 181 $ 1,619 $ 342
Cash paid for leases $ 683 $ 465 $ 964 $ 628
Weighted – average remaining lease term – operating leases (years) 4.4 3.20 4.4 3.20
Weighted – average discount rate – operating leases 4.4% 4.4% 4.4% 4.4%
Future Minimum Operating Lease Payments
Maturity of operating lease liabilities as of June 30, 2022 are as follows:
(In thousands)
Remainder of 2022
 $ 1,344 
2023 2,708 
2024 2,676 
2025 2,232 
2026 2,315 
Thereafter 598 
Total operating lease payments $ 11,873 
Less portion representing imputed interest (1,430)
Total operating lease liabilities $ 10,443 
Less current portion 2,576 
Long-term portion $ 7,867