Current report filing

Leases (Tables)

v3.23.2
Leases (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Summary of Operating Lease Information
The table below summarizes the Company's operating lease portfolio related to continuing operations (in thousands):
December 31, 2022 December 31, 2021
Right-of-use assets $ 27,933 $ 30,684
Lease liabilities 34,391 31,364
Weighted average remaining lease term (in years) 9.29 10.22
Weighted average discount rate 6.50  % 6.54  %
Summary of Lease Cost and Other Information
The table below summarizes the Company's net operating lease cost related to continuing operations (in thousands):
For the year ended December 31, 2022 For the nine months ended December 31, 2021 For the three months ended March 31, 2021 For the year ended December 31, 2020
Successor Predecessor
Operating lease cost $ 6,230  $ 4,352  $ 850  $ 3,651 
Short-term lease cost 612  218  96  1,641 
  Total operating and short-term lease cost 6,842  4,570  946  5,292 
Variable lease cost 991  1,582  876  348 
Sublease income (859) (93) (23) (425)
Net lease cost $ 6,974  $ 6,059  $ 1,799  $ 5,215 
The table below summarizes other information related to the Company’s operating leases in continuing operations (in thousands):
For the year ended December 31, 2022 For the nine months ended December 31, 2021 For the three months ended March 31, 2021 For the year ended December 31, 2020
Successor Predecessor
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases $ 4,856  $ 2,442  $ 889  $ 3,767 
Leased assets obtained in exchange for new operating lease liabilities 7,400  23,723  433  1,349 
Maturity Analysis of Operating Leases
The following table presents a maturity analysis of operating leases and a reconciliation of the undiscounted cash flows to lease liabilities as of December 31, 2022 (in thousands):
2023 $ 5,864 
2024 5,418 
2025 4,760 
2026 4,758 
2027 4,473 
Thereafter 21,729 
Total undiscounted lease payments 47,002 
Less: amounts representing interest (12,611)
Total lease liabilities $ 34,391