Inogen, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Leases

Leases

6 Months Ended

Jun. 30, 2023

5. Leases

The Company has entered into operating leases primarily for commercial buildings. These leases have terms which range from 3 years to 11 years, some of which include options to extend the leases for up to 5 years. Rent expense, including short-term lease cost, was $964 and $958 for the three months ended June 30, 2023 and 2022, respectively, and $1,936 and $1,929 for the six months ended June 30, 2023 and 2022, respectively.

Information related to the Company's right-of-use assets and related operating lease liabilities were as follows:


	Six months ended
	June 30,
	2023			2022
Cash paid for operating lease liabilities	$	1,986		$	1,994
Operating lease cost		1,920			1,932
Non-cash right-of-use assets obtained in exchange for new operating lease obligations		264			225
Weighted average remaining lease term	2.0 years			2.7 years
Weighted average discount rate		3.0	%		2.9	%


Maturities of lease liabilities due in the 12-month period ending June 30,
2024	$	4,030
2025		3,149
2026		2,778
2027		2,813
2028		2,845
Thereafter		7,967
		23,582
Less imputed interest		(1,703	)
Total lease liabilities	$	21,879

Operating lease liability - current	$	3,622
Operating lease liability - noncurrent	$	18,257
Total lease liabilities	$	21,879