Quarterly report pursuant to Section 13 or 15(d)

Leases

v3.22.1
Leases
3 Months Ended
Mar. 31, 2022
Leases Disclosure [Abstract]  
LEASES

10. LEASES

 

All long-term leases identified by the Company are classified as operating leases. Lease expenses related to long-term leases were $620 for the three months ended March 31, 2022. Short-term lease expense, variable lease expense and sublease income were not material for the three months ended March 31, 2022. The right-of-use assets and lease liabilities were $8,722 and $8,977, respectively, and were included in other assets and other liabilities, respectively, on the March 31, 2022 consolidated balance sheet.

 

Maturities of the Company’s long-term operating lease liabilities were as follows:

 

    March 31, 2022  
Remainder of 2022   $ 1,733  
2023     2,870  
2024     2,683  
2025     2,496  
2026     1,268  
Thereafter     1,672  
Total lease payments     12,722  
Less: imputed interest     3,745  
Lease liabilities   $ 8,977  
Weighted-average remaining lease term (years)     4.8  
Weighted-average discount rate     14.3 %