Leases (Tables)

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Summary of Components of Lease Expense

The components of lease expense were as follows (in thousands):

	For the Three Months Ended March 31,
	2021			2020
Operating lease cost	$	3,819		$	3,991
Short-term lease cost		88			81
Variable lease cost		1,436			1,356
Sublease income		(61	)		(61	)
Total lease cost	$	5,282		$	5,367

Summary of Additional Lease Information

Additional lease information is summarized in the following table (in thousands, except lease term and discount rate):

	For the Three Months Ended March 31,
	2021			2020
Cash paid for amounts included in the measurement of operating    lease liabilities	$	2,718		$	2,999
Operating lease ROU assets obtained in exchange for lease    obligations	$	7,433		$	1,466
Weighted-average remaining lease term - operating leases (years)		6.5			6.3
Weighted-average discount rate - operating leases		4.4	%		5.1	%

Summary of Future Minimum Lease Payments Under Non-Cancellable Leases

Future minimum lease payments under non-cancellable leases as of March 31, 2021 are as follows (in thousands):

2021 (remainder)	$	11,642
2022		16,623
2023		16,582
2024		16,208
2025		14,233
Thereafter		27,076
Total lease payments		102,364
Less imputed interest		(15,623	)
Present value of lease liabilities	$	86,741

Summary of Lease Balances

Lease balances as of March 31, 2021 are as follows (in thousands):

Operating lease ROU assets	$	73,810
Short-term operating lease liabilities (1)	$	12,174
Non-current operating lease liabilities		74,567
Total operating lease liabilities	$	86,741

(1) Included in accrued expenses and other current liabilities on the Consolidated Balance Sheets.