Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.2.2
Leases (Tables)
 6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Lease Information
The following table summarizes total lease costs for the period. As the Company adopted ASC 842 as of January 1, 2022, rent expense recognized in accordance with ASC 840 is reported as operating lease cost for the comparative period in 2021.
Three Months Ended Six Months Ended
June 30, 2022 June 30, 2021 June 30, 2022 June 30, 2021
Operating lease costs $ 753  $ 777  $ 1,476  $ 1,588 
Variable lease costs —  —  —  — 
Short-term lease costs 78  —  172  — 
Total lease costs $ 831  $ 777  $ 1,648  $ 1,588 
The following table presents other supplemental information related to the Company’s operating leases:
Three Months Ended Six Months Ended
June 30, 2022 June 30, 2022
Cash paid for operating lease liabilities $ 680  $ 1,287 
Right-of-use assets obtained in exchange for new lease liabilities —  3,629 
Weighted average remaining lease term (in years) 3.0 3.0
Weighted average discount rate 4.2  % 4.2  %
Supplemental Balance Sheet Information
The following table presents supplemental balance sheet information related to the Company’s operating leases:
June 30,
2022		 December 31,
2021
Right-of-use assets $ 12,080  $ — 
Short-term lease liabilities $ 2,904  $ — 
Long-term lease liabilities 9,503  — 
Total lease liabilities $ 12,407  $ — 
Schedule of Future Minimum Rental Payments for Operating Leases As of June 30, 2022, the future annual minimum lease payments for operating lease liabilities under ASC 842 are as follows:
Year Total
Remainder of 2022 $ 1,487 
2023 3,043 
2024 2,825 
2025 2,247 
2026 1,606 
Thereafter
 3,086 
Total lease payments
 $ 14,294 
Less: imputed interest 1,887 
Present value of operating lease liabilities $ 12,407