Axogen, Inc. Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2021

The components of total lease expense for the three and nine months ended September 30, 2021 were as follows:


(In thousands)	2021		2020
For the Three Months Ended September 30,
Finance lease costs
Amortization of right-of-use assets	$	6	$	6
Interest on lease liabilities	—		1
Operating lease costs	1,032		707
Short term lease costs	4		43
Variable lease costs	169		4
Total lease cost	$	1,211	$	761

For the Nine Months Ended September 30,
Finance lease costs
Amortization of right-of-use assets	$	17	$	17
Interest on lease liabilities	1		2
Operating lease costs	3,113		1,683
Short term lease costs	15		104
Variable lease costs	506		14
Total lease cost	$	3,652	$	1,820

Supplemental balance sheet information related to leases as of September 30, 2021 and December 31, 2020 was as follows:


(In thousands)	September 30, 2021		December 31, 2020
Finance Leases
Finance lease right-of-use assets	$	47	$	64
Current maturities of long-term obligations	$	12	$	17
Long-term obligations	$	5	$	13
Operating Leases
Operating lease right-of-use assets	$	15,588	$	15,614
Current maturities of long-term obligations	$	1,662	$	846
Long-term obligations	$	21,266	$	20,864

Other information related to leases was as follows ($ in thousands):


For the Nine Months Ended September 30,	2021			2020
Cash paid for amounts included in the measurement of operating lease liabilities	$	1,117		$	1,399
Right-of-use assets obtained in exchange for new finance lease liabilities	$	—		$	16
Weighted-average remaining lease term - finance leases (in years)	1.7			2.3
Weighted-average remaining lease term - operating leases (in years)	11.5			12.4
Weighted-average discount rate - finance leases	7.28		%	7.28		%
Weighted-average discount rate - operating leases	10.26		%	10.07		%