Quarterly report pursuant to Section 13 or 15(d)

Leases

v3.23.1
Leases
 3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Leases
Note H – Leases
The Company has entered into and acquired long-term leasing arrangements for the right to use various classes of underlying assets including facilities, vehicles and office equipment.

Total Lease Costs
The following table summarizes total lease costs for the period:
Three Months Ended
March 31, 2023 March 31, 2022
Finance lease cost:
Amortization of ROU assets $ 85  $ — 
Interest on lease liabilities 20  — 
Operating lease costs 955  723 
Short-term lease costs 81  94 
Total lease costs $ 1,141  $ 817 
Total lease costs are included in selling, general and administrative expenses and cost of sales on the condensed consolidated statements of operations and comprehensive income (loss).

Other Supplemental Information
The following table presents other supplemental information related to the Company’s leases:
Three Months Ended
March 31, 2023 March 31, 2022
Operating Leases Finance Leases Operating Leases Finance Leases
Cash paid for lease liabilities $ 973  $ 100  $ 607  $ — 
Right-of-use assets obtained in exchange for new lease liabilities 577  300  3,629  — 
Weighted average remaining lease term (in years) 4.6 3.4 3.2 0.0
Weighted average discount rate 5.6  % 8.9  % 4.2  % —  %
Leases
Note H – Leases
The Company has entered into and acquired long-term leasing arrangements for the right to use various classes of underlying assets including facilities, vehicles and office equipment.

Total Lease Costs
The following table summarizes total lease costs for the period:
Three Months Ended
March 31, 2023 March 31, 2022
Finance lease cost:
Amortization of ROU assets $ 85  $ — 
Interest on lease liabilities 20  — 
Operating lease costs 955  723 
Short-term lease costs 81  94 
Total lease costs $ 1,141  $ 817 
Total lease costs are included in selling, general and administrative expenses and cost of sales on the condensed consolidated statements of operations and comprehensive income (loss).

Other Supplemental Information
The following table presents other supplemental information related to the Company’s leases:
Three Months Ended
March 31, 2023 March 31, 2022
Operating Leases Finance Leases Operating Leases Finance Leases
Cash paid for lease liabilities $ 973  $ 100  $ 607  $ — 
Right-of-use assets obtained in exchange for new lease liabilities 577  300  3,629  — 
Weighted average remaining lease term (in years) 4.6 3.4 3.2 0.0
Weighted average discount rate 5.6  % 8.9  % 4.2  % —  %