Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Schedule of Operating Assets and Liabilities

The following table presents information about the Company's ROU assets and lease liabilities at December 31, 2020 (in thousands):

ROU assets:
Non-current operating lease ROU assets	$	34,538
Operating lease liabilities:
Current operating lease liabilities*	$	10,078
Non-current operating lease liabilities	44,126
Total operating lease liabilities	$	54,204

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*    Amounts are included in Accrued Expenses on Consolidated Balance Sheets.

Schedule of Components of Lease Expense and Weighted Average Lease Term and Rates

The following table presents information about lease expense and sublease income for the year ended December 31, 2020 (in thousands):

Operating lease cost*	$	11,994
Other lease costs and income:
Variable lease costs* (1)	6,487
Sublease income*	(3,888)
Total net lease cost	$	14,593

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*    Amounts are included in Cost of revenues, Selling, general and administrative and/or Research and development based on the function that the underlying leased asset supports which are reflected in the Consolidated Statements of Operations.

(1)    As part of the Company’s in year cost savings initiatives, the Company closed certain office spaces and terminated various lease agreements.  These actions resulted in a $5.4 million ROU asset impairment charge, which was determined by the present value of the forecasted future cash flows for the remaining lease term.

The following table provides the weighted-average remaining lease term and weighted-average discount rates for the Company’s leases as of December 31, 2020:

Operating Leases:
Weighted-average remaining lease term (years), weighted based on lease liability balances	6.36
Weighted-average discount rate (percentages), weighted based on the remaining balance of lease payments	7.5	%

The following table provides certain cash flow and supplemental noncash information related to the Company’s lease liabilities for the year ended December 31, 2020 (in thousands):

Operating Leases:
Cash paid for amounts included in the measurement of lease liabilities	$	13,181
Lease liabilities arising from obtaining right-of-use assets	1,739

Schedule of Maturities of Operating Lease Liabilities

The following table provides the undiscounted amount of future cash flows included in the Company’s lease liabilities at December 31, 2020 for each of the five years subsequent to December 31, 2020 and thereafter, as well as a reconciliation of such undiscounted cash flows to the Company’s lease liabilities at December 31, 2020 (in thousands):

	Operating Leases
2021	$	13,766
2022	11,220
2023	8,652
2024	8,401
2025	8,275
Thereafter	18,686
Total future lease payments	69,000
Less: amount representing interest	(14,796)
Present value of future lease payments (lease liability)	$	54,204