v3.22.2.2
Leases (Tables)
9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Schedule of ROU Assets and Lease Liabilities Related to Operating Leases

ROU assets and lease liabilities related to the Company’s operating leases are as follows:

 

(In thousands)

 

Balance Sheet Classification

 

September 30, 2022

 

 

December 31, 2021

 

Right-of-use assets

 

Right of use assets

 

$

5,541

 

 

$

6,751

 

Current lease liabilities

 

Current portion of lease liabilities

 

 

1,454

 

 

 

8,186

 

Non-current lease liabilities

 

Non-current portion of lease liabilities

 

 

4,612

 

 

 

4,086

 

 

Components of Lease Costs The components of lease costs were as follows:

 

(In thousands)

 

Three-month period ended September 30, 2022

 

 

Three-month period ended September 30, 2021

 

 

Nine-month period ended September 30, 2022

 

 

Nine-month period ended September 30, 2021

 

Operating lease cost

 

$

431

 

 

$

1,600

 

 

$

3,390

 

 

$

4,593

 

Variable lease cost

 

 

132

 

 

 

948

 

 

 

1,960

 

 

 

3,283

 

Short-term lease cost

 

 

1

 

 

 

339

 

 

 

7

 

 

 

829

 

Total lease cost

 

$

564

 

 

$

2,887

 

 

$

5,357

 

 

$

8,705

 

 

 

Schedule of Future Minimum Commitments under all Non-Cancelable Operating Leases

Future minimum commitments under all non-cancelable operating leases are as follows:

 

(In thousands)

 

 

 

 

2022 (excluding the three months ended September 30, 2022)

 

$

295

 

2023

 

 

1,546

 

2024

 

 

1,588

 

2025

 

 

1,633

 

2026

 

 

1,678

 

Later years

 

 

539

 

Total lease payments

 

 

7,279

 

Less: Imputed interest

 

 

(1,213

)

Present value of lease liabilities

 

$

6,066

 

 

Summary of Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to the Company’s operating leases are as follows:

 

(In thousands)

 

Nine-month period ended September 30, 2022

 

 

Nine-month period ended September 30, 2021

 

Operating cash flow information:

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

295

 

 

$

4,605