Redwire Corporation Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

6 Months Ended

Jun. 30, 2023

The table below summarizes total lease costs for the following periods:



	Three Months Ended				Six Months Ended
	June 30, 2023		June 30, 2022		June 30, 2023		June 30, 2022
Finance lease cost:
Amortization of ROU assets	$	107	$	—	$	192	$	—
Interest on lease liabilities	24		—		44		—
Operating lease costs	1,038		753		1,993		1,476
Variable lease costs	11		—		11		—
Short-term lease costs	9		78		90		172
Total lease costs	$	1,189	$	831	$	2,330	$	1,648

The table below presents other supplemental information related to the Company’s leases for the following periods:


	Three Months Ended
	June 30, 2023						June 30, 2022
	Operating Leases			Finance Leases			Operating Leases			Finance Leases
Cash paid for lease liabilities	$	1,087		$	118		$	680		$	—
Right-of-use assets obtained in exchange for new lease liabilities	2,757			151			—			—




	Six Months Ended
	June 30, 2023						June 30, 2022
	Operating Leases			Finance Leases			Operating Leases			Finance Leases
Cash paid for lease liabilities	$	2,060		$	218		$	1,287		$	—
Right-of-use assets obtained in exchange for new lease liabilities	3,334			451			3,629			—

	June 30, 2023						June 30, 2022
	Operating Leases			Finance Leases			Operating Leases			Finance Leases
Weighted average remaining lease term (in years)	4.7			3.5			3.0			0.0
Weighted average discount rate	6.4		%	8.8		%	4.2		%	—		%