Leases (Tables)

6 Months Ended

Jun. 30, 2021

Leases [Abstract]

Schedule of lease assets and liabilities

The following tables disclose the components of the Company’s finance and operating leases (amounts in thousands):

	As of:		As of:
	June 30, 2021		December 31, 2020
Operating leases:
Right-of-use asset, net	$	27,542	$	14,400
Short-term lease liability (recorded in accrued expenses)	2,490		1,330
Long-term lease liability	25,492		13,726
Total operating lease liabilities	$	27,982	$	15,056
Finance leases:
Right-of-use asset, net (recorded in intangible and other current assets, net)	$	11	$	19
Short-term lease liability (recorded in accrued expenses)	7		11
Long-term lease liability (recorded in non-current liabilities)	6		9
Total finance lease liabilities	$	13	$	20

Schedule of components of lease cost

The components of lease cost are reflected in the table below (amounts in thousands):

	Three Months Ended				Six Months Ended
	June 30, 2021		June 30, 2020		June 30, 2021		June 30, 2020
Operating lease cost:
Amortization of right-of-use assets	$	663	$	458	$	1,154	$	922
Interest on lease liabilities	393		333		711		675
Finance lease cost:
Amortization of right-of-use assets	1		17		8		43
Interest on lease liabilities	—		1		—		3
Short-term lease cost	41		21		79		25
Total lease cost	$	1,098	$	830	$	1,952	$	1,668

The following table discloses the weighted-average remaining lease term and discount rate for finance and operating leases.

	As of:		As of:
	June 30, 2021		December 31, 2020
Weighted-average lease term
Finance leases	2.0 years		1.8 years
Operating Leases	10.2 years		8.3 years
Weighted-average discount rate
Finance leases	6.7	%	7.2	%
Operating leases	8.4	%	8.4	%

The below table discloses supplemental cash flow information for finance and operating leases (in thousands):

	Six Months Ended
	June 30, 2021		June 30, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	2,080	$	1,523
Operating cash flows from finance leases	—		3
Financing cash flows from finance leases	8		38

Schedule of maturities of operating leases liabilities

The following table reflects undiscounted cash flows on an annual basis for the Company’s lease liabilities as of June 30, 2021 (amounts in thousands):

	Operating Leases		Finance Leases
2021 (remaining)	$	2,537	$	4
2022	4,261		$	7
2023	4,177		$	3
2024	4,055		$	—
2025	4,094		$	—
Thereafter	21,444		$	—
Total lease payments	$	40,568	$	14
Imputed interest	(12,586)		(1)
Discounted lease liability	$	27,982	$	13

Schedule of maturities of finance leases liabilities

The following table reflects undiscounted cash flows on an annual basis for the Company’s lease liabilities as of June 30, 2021 (amounts in thousands):

	Operating Leases		Finance Leases
2021 (remaining)	$	2,537	$	4
2022	4,261		$	7
2023	4,177		$	3
2024	4,055		$	—
2025	4,094		$	—
Thereafter	21,444		$	—
Total lease payments	$	40,568	$	14
Imputed interest	(12,586)		(1)
Discounted lease liability	$	27,982	$	13