Leases

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Leases

Leases We have non-cancelable operating leases consisting of administrative and research and development office space for our Emeryville, California headquarters and Maidenhead, United Kingdom that will expire in expires in May 2027 and February 2025, respectively. We also maintain limited office space in Ireland, Germany, Italy and Japan. Our Emeryville lease includes a renewal option for an additional five years, which was not included in our determination of the lease term under the legacy lease standard as renewal was not reasonably assured at the inception of the lease. Other non-cancellable leases recorded on our consolidated balance sheets include the

former headquarters of Modis’ in Oakland, California, which expires in July 2021 and a lease related to our former headquarters located in San Diego, which we subleased to an unrelated third party under a coterminous agreement, until its expiration in March 2020.

We do not have any material finance leases or service contracts with lease arrangements. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants.

Information regarding operating lease expense and other select lease information are as follows:

	Year Ended December 31,
(In thousands)	2020		2019
Components of lease costs:
Operating lease cost	$	1,989	$	2,045
Short-term lease cost	444		851
Sublease income	(115)		(580)
Total lease expense	$	2,318	$	2,316

Other Lease information
	Year Ended December 31,
(In thousands)	2020		2019
Cash paid for amounts included in the measurement of lease liabilities	$	2,178	$	1,842
Right-of-use lease assets obtained in exchange for new lease liabilities, noncash	$	1,156	$	354

Supplemental balance sheet information
	December 31,
(In thousands)	2020			2019
Right-of-use assets	$	7,748		$	7,774
Current portion of operating lease liabilities	1,688			1,322
Operating lease liabilities, net of current portion	10,314			10,752
Total operating lease liabilities	$	12,002		$	12,074
Weighted average remaining lease term (in years)	6.0			7.2
Weighted average discount rate, weighted based on the remaining balance of lease payments	6.2		%	6.0		%

Maturities of operating lease liabilities as of December 31, 2020 are as follows:

(In thousands)	Operating Leases
2021	$	2,327
2022	2,265
2023	2,321
2024	2,330
2025	2,070
After 2025	3,031
Total lease payments	14,344
Less: imputed interest	(2,342)
Total operating lease liabilities	$	12,002