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LEASES (Tables)
9 Months Ended
Sep. 30, 2022
LEASES  
Schedule of balance sheet classification of the Company's right-of-use asset and lease liabilities

The balance sheet classification of the Company’s right-of-use asset and lease liabilities was as follows (in thousands):

    

September 30, 

    

December 31, 

2022

2021

Operating lease right-of-use assets

$

68,268

$

68,983

Operating lease liabilities

 

Current portion included in current liabilities

7,171

 

5,057

Long-term portion included in non-current liabilities

71,943

 

65,474

Total operating lease liabilities

$

79,114

$

70,531

Schedule of components of lease expenses

The following table summarizes components of lease expenses, which were included in Total costs and expenses in the Company’s Condensed Consolidated Statements of Operations, and other information related to its operating leases as follows (in thousands except weighted-average remaining lease terms and discount rates):

    

Three Months Ended

Nine Months Ended

 

September 30, 

September 30, 

 

2022

2021

2022

2021

 

Operating lease cost

$

4,169

$

4,053

$

13,123

$

10,831

Variable lease cost

 

1,666

 

1,484

3,882

3,772

Short-term lease cost

 

38

 

26

115

101

Total lease cost

$

5,873

$

5,563

$

17,120

$

14,704

Other information

Cash paid for amounts included in the measurement of lease liabilities included in Operating cash flows

$

3,188

$

3,605

$

10,261

$

8,439

Tenant improvement allowance received for amounts included in the measurement of lease liabilities included in Operating cash flows

$

1,232

$

6,432

Right-of-use assets obtained from entering new leases

$

$

16,999

$

553

$

17,617

Increase / (decrease) in right-of-use assets from lease modifications

$

171

$

5,853

$

7,664

$

7,796

Weighted-average remaining lease terms (years)

13.98

15.25

Weighted-average discount rates

7.3%

7.2%

Schedule of minimum lease commitments

As of September 30, 2022, the maturities of the Company’s operating lease liabilities were as follows (in thousands):

    

CMO

    

Facility

embedded

Year Ending December 31,

leases

    

leases

    

Total

Remainder of 2022

$

2,080

$

2,044

$

4,124

2023

 

8,220

 

3,120

 

11,340

2024

 

8,425

 

 

8,425

2025

 

8,205

 

 

8,205

2026

 

7,989

 

 

7,989

Thereafter

 

92,013

 

 

92,013

Total lease payments

$

126,932

$

5,164

$

132,096

Less: Present value adjustment

 

(52,798)

 

(184)

 

(52,981)

Operating lease liabilities

$

74,134

$

4,980

$

79,114