Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.2.2
Leases (Tables)
 9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Supplemental balance sheet information Supplemental balance sheet information related to the operating and financing leases is as follows:
(In thousands, except lease term and discount rate) September 30, 2022 December 31, 2021
Operating Leases
Right-of-use operating assets $ 14,751  $ 15,193 
Current maturities of long-term lease obligations $ 1,523  $ 1,825 
Long-term lease obligations $ 20,615  $ 20,794 
Financing Leases
Right-of-use financing leases (1)
$ 46  $ 42 
Current maturities of long-term lease obligations $ 7  $ 9 
Long-term lease obligations $ 19  $ 4 
Weighted average operating lease term (in years): 10.9 12.1
Weighted average operating financing term (in years): 4.2 2.2
Weighted average discount rate operating leases 10.48  % 10.32% 
Weighted average discount rate financing leases 11.69%  7.23% 
(1) Financing leases are included within property and equipment, net on the condensed consolidated balance sheets.
Summary of operating lease maturity
Future minimum lease payments under operating and financing leases at September 30, 2022, were as follows:
(In thousands)  
2022 (excluding the nine months ended September 30, 2022) $ 1,092 
2023 3,476 
2024 3,253 
2025 3,336 
2026 3,348 
2027 2,921 
Thereafter 20,931 
Total $ 38,356 
Less: Imputed interest (16,192)
Total lease liability $ 22,164 
Less: Current lease liability (1,530)
Long-term lease liability $ 20,634 
Summary of finance lease maturity
Future minimum lease payments under operating and financing leases at September 30, 2022, were as follows:
(In thousands)  
2022 (excluding the nine months ended September 30, 2022) $ 1,092 
2023 3,476 
2024 3,253 
2025 3,336 
2026 3,348 
2027 2,921 
Thereafter 20,931 
Total $ 38,356 
Less: Imputed interest (16,192)
Total lease liability $ 22,164 
Less: Current lease liability (1,530)
Long-term lease liability $ 20,634