Leases (Tables)
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6 Months Ended |
Jun. 30, 2022 |
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| Leases [Abstract] |
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| Lease, Cost |
The components of lease expense were as follows:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
| Lease Cost |
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Classification |
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2022 |
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2021 |
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2022 |
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2021 |
| Operating lease cost |
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Operating lease cost(1)
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Cost of revenue |
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$ |
3,703 |
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$ |
2,381 |
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$ |
6,083 |
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$ |
4,705 |
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Operating lease cost(1)
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Operating expenses |
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1,796 |
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1,595 |
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3,487 |
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2,712 |
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| Total operating lease cost |
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$ |
5,499 |
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$ |
3,976 |
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$ |
9,570 |
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$ |
7,417 |
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| Finance lease cost |
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| Amortization of right-of-use assets |
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Cost of revenue |
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$ |
184 |
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$ |
140 |
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$ |
367 |
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$ |
196 |
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| Interest on lease liabilities |
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Cost of revenue |
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23 |
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21 |
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48 |
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30 |
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| Total finance lease cost |
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$ |
207 |
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$ |
161 |
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$ |
415 |
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$ |
226 |
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(1) Includes lease expense with initial terms of twelve months or less of $1,047 and $434 for the three months ended June 30, 2022 and 2021, respectively, and $1,423 and $726 for the six months ended June 30, 2022 and 2021, respectively.
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| Lease Term and Discount Rate |
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June 30, 2022 |
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December 31, 2021 |
Weighted-average remaining operating lease term (years) |
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4.3 |
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4.8 |
Weighted-average remaining finance lease term (years) |
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2.9 |
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3.2 |
Weighted-average discount rate for operating leases |
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4.4 |
% |
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4.4 |
% |
Weighted-average discount rate for finance leases |
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5.4 |
% |
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5.4 |
% |
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Six Months Ended June 30, |
| Supplemental Cash Flow Information |
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2022 |
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2021 |
| Cash paid for amounts included in the measurement of lease liabilities |
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| Operating cash flows from operating leases |
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$ |
9,567 |
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$ |
7,654 |
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| Operating cash flows from finance leases |
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48 |
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42 |
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| Financing cash flows from finance leases |
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284 |
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122 |
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| Right-of-use assets obtained in exchange for lease liabilities |
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| Operating leases |
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$ |
1,745 |
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$ |
6,139 |
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| Finance leases |
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477 |
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768 |
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| Lessee, Operating Lease, Liability, Maturity |
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Lease Liabilities |
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Other Leases |
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Total Lease Obligations |
| Maturity of Lease Liabilities |
Operating |
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Financing |
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Operating |
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2022, excluding the six months ended June 30, 2022 |
$ |
10,238 |
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$ |
340 |
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$ |
1,538 |
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$ |
12,116 |
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| 2023 |
19,050 |
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667 |
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476 |
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20,193 |
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| 2024 |
15,812 |
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581 |
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188 |
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16,581 |
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| 2025 |
11,741 |
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258 |
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128 |
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12,127 |
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| 2026 |
10,621 |
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15 |
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5 |
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10,641 |
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| Thereafter |
6,434 |
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— |
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— |
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6,434 |
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| Total lease payments |
$ |
73,896 |
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$ |
1,861 |
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$ |
2,335 |
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$ |
78,092 |
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Less: Interest(1)
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6,523 |
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134 |
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| Present value of lease liabilities |
$ |
67,373 |
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$ |
1,727 |
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(1) Includes interest on operating leases of $2,547 and financing lease of $76 within the next twelve months.
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| Finance Lease, Liability, Fiscal Year Maturity |
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Lease Liabilities |
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Other Leases |
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Total Lease Obligations |
| Maturity of Lease Liabilities |
Operating |
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Financing |
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Operating |
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2022, excluding the six months ended June 30, 2022 |
$ |
10,238 |
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$ |
340 |
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$ |
1,538 |
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$ |
12,116 |
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| 2023 |
19,050 |
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667 |
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476 |
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20,193 |
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| 2024 |
15,812 |
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581 |
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188 |
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16,581 |
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| 2025 |
11,741 |
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258 |
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128 |
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12,127 |
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| 2026 |
10,621 |
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15 |
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5 |
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10,641 |
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| Thereafter |
6,434 |
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— |
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— |
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6,434 |
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| Total lease payments |
$ |
73,896 |
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$ |
1,861 |
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$ |
2,335 |
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$ |
78,092 |
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Less: Interest(1)
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6,523 |
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134 |
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| Present value of lease liabilities |
$ |
67,373 |
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$ |
1,727 |
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(1) Includes interest on operating leases of $2,547 and financing lease of $76 within the next twelve months.
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