Quarterly report pursuant to Section 13 or 15(d)

Operating leases

v3.24.2.u1
Operating leases
6 Months Ended
Jun. 30, 2024
Operating leases  
Operating leases

Note 9 — Operating leases

The Company has operating leases in relation to property for office, manufacturing and research facilities.

The following table shows the lease costs for the six months ended June 30, 2024 and 2023 and the weighted-average remaining lease term and the weighted-average discount rate as at June 30, 2024 and 2023:

Six months ended

June 30, 

     

2024

     

2023

Lease cost:

Operating lease cost

 

$

3,388

 

$

2,353

Short-term lease cost

 

88

 

319

 

$

3,476

 

$

2,672

June 30, 

2024

2023

Weighted-average remaining lease term - operating leases

5.1 years

5.8 years

Weighted-average discount rate - operating leases

7.8%

8.6%

The maturities of operating lease liabilities as of June 30, 2024 are as follows (in thousands):

     

Operating leases

2024

 

$

3,417

2025

 

5,566

2026

 

4,366

2027

 

5,563

2028

 

2,144

after 2028

 

5,508

Total lease payments

26,564

Less: Imputed interest

(4,170)

Present value of lease liability

$

22,394

The maximum lease term without activation of termination options is to 2041.