Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.22.0.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Schedule of Right-of-Use Lease Assets and Lease Liabilities
The table below presents the operating and finance right-of-use lease assets and lease liabilities recognized on the consolidated balance sheet as of December 31, 2021 and 2020:
Classification December 31,
2021		 December 31,
2020
Assets
Operating lease assets Right-of-use lease assets $ 30,115  $ 28,943 
Finance lease and financing obligation assets Property, plant and equipment, net 29,737  1,727 
Total leased assets $ 59,852  $ 30,670 
Liabilities
Current:
Operating lease liabilities Operating lease liabilities—current $ 8,306  $ 6,715 
Finance lease and financing obligation liabilities Accrued liabilities 3,181  245 
Noncurrent:
Operating lease liabilities Operating lease liabilities—noncurrent 21,719  21,972 
Finance lease and financing obligation liabilities Other long-term liabilities 11,667  349 
Total lease liabilities $ 44,873  $ 29,281 
Weighted Average Remaining Lease Term and Discount Rate
The Company’s weighted average remaining lease term and weighted average discount rate for operating and financing leases as of December 31, 2021 are as follows:
December 31,
2021		 December 31,
2020
Weighted average remaining lease term (in years):
Operating leases 4.79 5.51
Finance leases and financing obligations 4.69 2.46
Weighted average discount rate:
Operating leases 5.02  % 6.06  %
Finance leases and financing obligations 2.86  % 4.70  %
Maturities of Lease Liabilities
Maturities of lease liabilities as of December 31, 2021 are as follows:
Year Operating
Leases		 Finance
Leases and Financing Obligations
2021 $ 9,459  $ 3,478 
2022 7,857  3,478 
2023 6,123  3,478 
2024 4,215  3,452 
2025 2,662  1,974 
Thereafter 3,664  — 
Total lease payments 33,980  15,860 
Less: Interest (3,955) (1,012)
Total lease liabilities $ 30,025  $ 14,848 
(1)     Refer to the above table regarding the Company’s right-of-use lease assets and lease liabilities for the presentation of the lease liabilities in the Company’s consolidated balance sheet at December 31, 2021.
Cash Flow Information Related to Leases
The following table presents other information related to the Company’s operating and finance leases and financing obligations and the impact on the Company’s consolidated statement of cash flows:
Years ended
December 31,
2021 2020
Cash paid for amounts included in the measurement of lease liabilities:
Payments on operating leases included in operating cash flows $ 9,755  $ 8,322 
Interest payments under finance leases and financing obligations included in operating cash flows 189  20 
Principal payments under finance leases and financing obligations included in financing cash flows 1,466  209 
Right-of-use assets obtained in exchange for new lease liabilities (non-cash):
Operating leases 9,526  10,633 
Finance leases and financing obligations —  353