XML 39 R27.htm IDEA: XBRL DOCUMENT v3.21.2
Leases (Tables)
6 Months Ended
Jun. 30, 2021
Leases [Abstract]  
Schedule of Operating Assets and Liabilities
The following table presents information about the Company's Right of Use (ROU) assets and lease liabilities at June 30, 2021:

ROU assets:
Non-current operating lease ROU assets$29,703 
Operating lease liabilities:
Current operating lease liabilities1
$8,261 
Non-current operating lease liabilities39,816 
Total operating lease liabilities$48,077 
________________________________
1    Amounts are included in Accrued Expenses on the Condensed Consolidated Balance Sheet.
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 three and six months ended June 30, 2021:
Three Months EndedSix Months Ended
June 30, 2021June 30, 2021
Operating lease cost1
$2,433 $5,034 
Other lease costs and income:
Variable lease costs1,2
793 1,568 
Sublease income1
(833)(1,778)
Total net lease cost$2,393 $4,824 
________________________________
1    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 Condensed Consolidated Statements of Operations.
2    As part of the Company’s continued cost savings initiatives, the Company closed certain office spaces and terminated various lease agreements. These actions resulted in a $1.2 million ROU asset impairment charge for the six months ended June 30, 2021, 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 our leases as of June 30, 2021:

Operating Leases:
Weighted-average remaining lease term (years), weighted based on lease liability balances6.19
Weighted-average discount rate (percentages), weighted based on the remaining balance of lease payments7.6%

The following table provides certain cash flow and supplemental noncash information related to our lease liabilities for the six months ended June 30, 2021:

Operating Leases:
Cash paid for amounts included in the measurement of lease liabilities$7,348 
Lease liabilities arising from obtaining right-of-use assets— 
Schedule of Maturities of Operating Lease Liabilities
The following table provides the undiscounted amount of future cash flows included in our lease liabilities at June 30, 2021 for each of the five years subsequent to December 31, 2020 and thereafter, as well as a reconciliation of such undiscounted cash flows to our lease liabilities at June 30, 2021:
Operating Leases
Remaining 2021$6,145 
202210,946 
20238,600 
20248,346 
20258,224 
Thereafter18,608 
Total future lease payments60,869 
Less: amount representing interest(12,792)
Present value of future lease payments (lease liability)$48,077