The components of lease cost are recorded in selling, general, and administrative expenses for the three months ended March 31, 2022 and were as follows:
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|
|
|
|
|
|
Three Months Ended March 31, 2022 |
|
(in thousands) |
Operating lease cost |
$ |
899 |
|
Short-term lease cost |
168 |
|
Variable lease cost |
12 |
|
Total lease cost |
$ |
1,079 |
|
Supplemental cash flow information related to leases was as follows:
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|
|
|
|
|
|
Three Months Ended March 31, 2022 |
|
(in thousands) |
Cash paid for amounts included in measurement of operating lease liabilities |
$ |
1,301 |
|
ROU assets obtained in exchange for operating lease liabilities |
$ |
10,445 |
|
The weighted-average remaining lease term and weighted-average discount rate for the Company’s operating leases were as follows:
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|
|
|
|
|
|
March 31, 2022 |
Weighted-average remaining lease term |
4.6 years |
Weighted-average discount rate |
4.6 |
% |
|