| Schedule of Lease Cost |
Lease cost for the three and six months ended June 30, 2023 and 2022, respectively, are as follow (in thousands):
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Three Months Ended
June 30, 2023 |
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Three Months Ended
June 30, 2022 |
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Six Months Ended
June 30, 2023 |
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Six Months Ended
June 30, 2022 |
Operating lease cost(1)
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$ |
1,117 |
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$ |
1,333 |
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$ |
2,271 |
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$ |
2,642 |
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| Finance lease cost: |
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| Amortization of right-of-use assets |
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118 |
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— |
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118 |
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— |
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| Interest on lease liabilities |
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75 |
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— |
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75 |
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— |
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| Total lease cost |
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$ |
1,310 |
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$ |
1,333 |
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$ |
2,464 |
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$ |
2,642 |
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| Reported in: |
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| Cost of goods sold |
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$ |
1,171 |
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$ |
1,228 |
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$ |
2,264 |
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$ |
2,432 |
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| Selling, general and administrative |
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139 |
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105 |
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200 |
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210 |
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| Total lease cost |
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$ |
1,310 |
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$ |
1,333 |
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$ |
2,464 |
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$ |
2,642 |
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(1) Operating lease cost does not include short-term leases or variable costs, all of which are immaterial.
Supplemental cash flow information related to leases for the six months ended June 30, 2023 and June 30, 2022 are as follows (in thousands):
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Six Months Ended
June 30, 2023 |
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Six Months Ended
June 30, 2022 |
| Cash paid for amounts included in the measurement of lease liabilities: |
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| Operating cash flows for operating leases |
$ |
2,263 |
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$ |
2,511 |
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| Operating cash flows for finance leases |
67 |
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— |
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| Financing cash flows for finance leases |
103 |
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— |
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| Right-of-use assets obtained in exchange for new lease obligations: |
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| Operating leases |
$ |
— |
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$ |
912 |
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| Finance leases |
4,688 |
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— |
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| Net change in operating lease right-of-use assets due to lease modifications resulting in reclassification of leases from operating to finance |
$ |
(1,514) |
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— |
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| Schedule of Future Minimum Payment Obligations for Non-Cancelable Operating Leases |
As of June 30, 2023, the estimated future minimum payment obligations for non-cancelable operating leases are as follows (in thousands):
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Operating Leases |
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Finance Leases |
| Remainder of 2023 |
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$ |
1,983 |
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$ |
383 |
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| 2024 |
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3,100 |
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723 |
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| 2025 |
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2,948 |
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703 |
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| 2026 |
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2,585 |
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617 |
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| 2027 |
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1,955 |
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580 |
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| Thereafter |
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6,742 |
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4,231 |
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| Total Lease payments |
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19,313 |
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7,237 |
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| Less: imputed interest |
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3,859 |
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2,500 |
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| Present value of lease liabilities |
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$ |
15,454 |
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$ |
4,737 |
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| Schedule of Future Minimum Payment Obligations for Non-Cancelable Finance Leases |
As of June 30, 2023, the estimated future minimum payment obligations for non-cancelable operating leases are as follows (in thousands):
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Operating Leases |
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Finance Leases |
| Remainder of 2023 |
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$ |
1,983 |
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$ |
383 |
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| 2024 |
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3,100 |
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|
723 |
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| 2025 |
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2,948 |
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|
703 |
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| 2026 |
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2,585 |
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|
617 |
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| 2027 |
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1,955 |
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|
580 |
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| Thereafter |
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6,742 |
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4,231 |
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| Total Lease payments |
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19,313 |
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|
7,237 |
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| Less: imputed interest |
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3,859 |
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2,500 |
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| Present value of lease liabilities |
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$ |
15,454 |
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$ |
4,737 |
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