Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.23.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Balance Sheet Information
The components of ROU assets and lease liabilities were as follows:
(in thousands) Balance Sheet Classification December 31, 2022
Assets:
Operating lease assets Right-of-use assets, net $ 43,282 
Finance lease assets Right-of-use assets, net 1,023 
Total leased assets $ 44,305 
Liabilities:
Current:
Operating Other accrued expenses $ 5,310 
Finance Current maturities of long-term debt 280 
Noncurrent:
Operating Other long-term liabilities $ 40,907 
Finance Long-term debt 763 
Total lease liabilities $ 47,260 
Lease Costs
The components of lease expense were as follows:
(in thousands) December 31, 2022
Operating lease cost $ 8,251 
Short-term lease cost $ 60 
Finance lease cost:
Amortization of right-of-use assets $ 191 
Interest on lease liabilities $ 40 
Total lease cost $ 8,542 
Other information related to leases was as follows:
December 31, 2022
Weighted Average Remaining Lease Term
Operating Leases 9.66
Finance Leases 3.37
Weighted Average Discount Rate
Operating Leases 7.1%
Finance Leases 6.6%
Schedule of Operating Lease Maturity
As of December 31, 2022, future minimum lease payments under noncancellable operating leases with initial or remaining lease terms in excess of one year were as follows:
(in thousands)
2023 $ 8,229 
2024 7,502 
2025 6,637 
2026 6,073 
2027 5,305 
Thereafter 31,882 
Total future lease payments $ 65,628 
Less imputed interest $ (19,411)
Present value of future lease payments $ 46,217 
As of January 1, 2022, future minimum lease payments of operating leases were as follows:
(in thousands)
2022 $ 6,972 
2023 6,225 
2024 5,285 
2025 4,882 
2026 4,128 
Thereafter 19,901 
Total $ 47,393 
Schedule of Finance Lease Maturity
As of December 31, 2022, future minimum repayments of finance leases were as follows:
(in thousands)
2023 $ 338 
2024 338 
2025 338 
2026 140 
2027 11 
Total future lease payments $ 1,165 
Less imputed interest $ (122)
Present value of future lease payments $ 1,043