Leases (Tables)

9 Months Ended

Sep. 30, 2021

Supplemental cash flow information related to leases

Supplemental cash flow information related to leases for the periods listed are as follows:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2021		2020		2021		2020
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	651	$	399	$	1,894	$	4,516
Operating cash flows for finance leases	77		—		256		—
Financing cash flows for finance leases	876		—		2,604		—

Schedule of components of lease costs

The components of lease costs for the periods listed are as follows:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2021		2020		2021		2020
	(In thousands)
Finance lease cost
Amortization of right of use assets	$	908	$	—	$	2,696	$	—
Interest	77		—		256		—
Operating lease cost	2,324		3,760		5,805		10,524
Total lease cost	$	3,309	$	3,760	$	8,757	$	10,524


	September 30, 2021		September 30, 2020
Weighted Average Remaining Lease Term:
Operating leases	2.7 years		3.5 years
Finance leases	2.1 years		—

Weighted Average Discount Rate:
Operating leases	7	%	7	%
Finance leases	4	%	—	%

Supplemental balance sheet information related to leases


	Classification on the Consolidated Balance Sheet	September 30, 2021		December 31, 2020
		(In thousands)
Assets
Operating right of use assets	Operating lease right of use assets	$	1,957	$	614
Finance right of use assets	Property and equipment, net	7,354		10,045

Liabilities
Current liabilities:
Operating lease liability	Operating lease liability	$	3,257	$	5,718
Finance lease liability	Accrued expenses and other current liabilities	3,601		3,488
Non-current liabilities:
Operating lease liability	Operating lease liability, net of current portion	3,415		7,180
Finance lease liability	Other liabilities	3,393		6,176

Future minimum lease payments under non-cancellable operating and finance leases (with an initial or remaining lease terms in excess of one year) are as follows:

Schedule of Future Minimum Lease Payments


	September 30, 2021
	Operating Leases		Finance Leases
	(In thousands)
2021 (remaining three months for September 30, 2021)	$	973	$	954
2022	3,583		3,813
2023	1,433		2,500
2024	524		—
2025	623		—
Thereafter	259		—
Total minimum lease payments	7,395		7,267
Less: present value adjustment	(723)		(273)
Present value of lease liabilities	$	6,672	$	6,994