Quarterly report pursuant to Section 13 or 15(d)

Lease Obligations (Tables)

v3.22.1
Lease Obligations (Tables)
3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Supplemental Balance Sheet Information
The following table provides supplemental balance sheet information related to the operating lease ROU assets and lease liabilities:
(in thousands) Balance Sheet Classification March 31, 2022 December 31, 2021
Assets
Operating lease right of-use assets Non-current assets $ 5,232  $ 5,383 
Liabilities
Current operating lease liabilities Current operating lease liabilities 1,009  1,059 
Non-current operating lease liabilities Non-current operating lease liabilities 7,562  7,680 
Total lease liabilities $ 8,571  $ 8,739 
Lease, Cost
The following table represents the weighted-average remaining lease term and discount rate as of March 31, 2022:
As of March 31, 2022
Weighted Average Remaining Lease Term (years) Weighted Average Discount Rate
Operating leases 9.30 5.20%
Lessee, Operating Lease, Liability, Maturity
The following table provides a summary of operating lease liabilities payments for the next five years and thereafter:
(in thousands) Operating Lease Payments
Remainder of 2022 $ 863 
2023 1,061 
2024 1,085 
2025 1,110 
2026 1,135 
Thereafter 5,638 
Total future minimum lease payments 10,892 
Less: lease imputed interest (2,321)
Total future minimum lease payments $ 8,571