Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.22.2
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]  
Lease Cost
Lease costs, amounts included in measurement of lease obligations and other information related to non-cancellable operating leases and finance leases were as follows (in thousands):
Three Months Ended June 30, Six Months Ended June 30,
  2022 2021 2022 2021
Finance lease costs $ $ 27 $ 18 $ 53
Operating lease cost 1,829  1,033  3,660  2,065 
Short-term lease costs (1)
10  10  40  10 
Total lease cost (2)
$ 1,839  $ 1,070  $ 3,718  $ 2,128 
(1) Short-term lease costs on leases with terms of over one month and less than one year.
(2) The Company had no variable lease costs.
Other information: Operating Leases
Weighted-average remaining lease term (in years) 7.5 years
Weighted-average discount rate 5.4  %
Six Months Ended June 30,
Cash paid: 2022 2021
Operating cash flows from operating leases $ 2,817  $ 2,093 
Operating Lease Maturity
As of June 30, 2022, our maturity analysis of annual undiscounted cash flows of the non-cancellable operating leases are as follows (in thousands):
Years ending December 31, Operating Leases
2022 (remaining 6 months) $ 3,688 
2023 7,568 
2024 7,783 
2025 8,004 
2026 8,232 
2027 and thereafter 20,706 
Total minimum lease payments 55,981 
Less: imputed interest 9,872 
Lease obligations $ 46,109 
Reconciliation of operating lease liabilities as shown within the unaudited condensed consolidated balance sheets
Current portion of lease obligations - Operating leases $ 5,103 
Long-term lease obligations - Operating leases 41,006 
Total operating lease liabilities $ 46,109 
Schedule of Supply and Service Commitments The following table provides quantitative data regarding our other commitments. Future minimum payments reflect amounts that we expect to pay including potential obligations under services agreements subject to risk of cancellation by us (in thousands):
Other Commitment Agreement Type Agreement Date Future Minimum Payment
Development and manufacturing services agreements Various $ 3,970 
Facility maintenance agreement January 2022 1,450 
Total other commitments $ 5,420