Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.22.1
Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Summary of Right-of-Use Assets and Lease Liabilities

Information related to the Company’s right-of-use assets and related lease liabilities is as follows:

 

 

 

December 31, 2021

 

 

December 31, 2020

 

Cash paid for operating lease liabilities

 

$

944

 

 

$

1,116

 

 

 

 

 

December 31, 2021

 

 

December 31, 2020

 

Weighted-average remaining lease term

 

13.97 years

 

 

13.2 years

 

Weighted-average discount rate

 

 

7.0

%

 

 

7.5

%

Right-of-use assets and lease liabilities for the Company’s operating leases were recorded in the consolidated balance sheet as follows, representing the Company’s right to use the underlying asset for the lease term (“Other assets”) and the Company’s obligation to make lease payments (“Other current liabilities” and “Other liabilities”):

 

 

December 31, 2021

 

December 31, 2020

Other assets

 

$3,741

 

$5,261

 

 

 

 

 

Other current liabilities

 

$464

 

$573

Other liabilities

 

3,436

 

5,172

Total lease liabilities

 

$3,900

 

$5,745

 

Schedule of Future Lease Payments Included in Measurement of Lease Liabilities on Condensed Consolidated Balance Sheet

Future lease payments included in the measurement of lease liabilities on the consolidated balance sheet as of December 31, 2021 for the following five fiscal years and thereafter were as follows:  

 

Due in 12 month period ended December 31,

 

 

2022

 

$710

2023

 

525

2024

 

434

2025

 

364

2026

 

313

Thereafter

 

3,520

 

 

$5,866

Less imputed interest

 

(1,966)

Total lease liabilities

 

$3,900