Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.1
Leases (Tables)
3 Months Ended
Mar. 31, 2022
Leases  
Summary of supplemental consolidated balance sheet information

(in thousands)

Classification

March 31, 2022

Assets

Right-of-Use Assets

Consolidated Balance Sheet

$

7,002

Liabilities

Current Lease Liabilities

Other Current Liabilities

1,092

Noncurrent Lease Liabilities

Other Long-Term Liabilities

5,398

Summary of supplemental statement of operation information

Three Months Ended

(in thousands)

March 31, 2022

Direct Operating Costs

$

220

General and Administrative

167

Total Lease Cost

$

387

Summary of supplemental statement of cash flow information

(in thousands)

March 31, 2022

Cash Paid for Amounts Included in Measurement of Lease Liabilities

$

272

Reduction in Right-of-Use Assets and Lease Liabilities Due to Lease Agreement Modifications

(613)

Summary of lease terms and discount rates

March 31, 2022

Weighted Average Remaining Lease Term (Years)

6.5

Weighted Average Discount Rate

2.85%

Summary of annual operating lease maturities

Annual Lease Maturities

The following table provides maturities of lease liabilities at March 31, 2022:

(in thousands)

2022

$

949

2023

1,013

2024

924

2025

686

2026

611

Thereafter

3,046

Total Lease Payments

7,229

Less: Interest

(739)

Present Value of Lease Liabilities

$

6,490

Future Minimum Lease Commitments

Future minimum lease commitments under non-cancellable leases at December 31, 2021 were as follows:

(in thousands)

2022

$

824

2023

638

2024

622

2025

514

2026

438

Thereafter

816

Total

$

3,852