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Leases (Tables)
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Summary of Additional Information Related to Leases

Additional information related to the Company’s leases is as follows (in thousands, except lease term and discount rate):

 

 

 

As of

 

 

As of

 

 

 

June 30, 2022

 

 

December 31, 2021

 

Balance sheet information

 

 

 

 

 

 

ROU assets

 

$

12,434

 

 

$

18,160

 

Lease liabilities, current

 

$

5,618

 

 

$

6,356

 

Lease liabilities, non-current

 

 

9,723

 

 

 

15,328

 

Total lease liabilities

 

$

15,341

 

 

$

21,684

 

Supplemental data

 

 

 

 

 

 

Weighted average remaining lease term

 

3.84 years

 

 

4.24 years

 

Weighted average discount rate

 

 

6.26

%

 

 

5.99

%

 

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2021

 

Cash paid for amounts included in lease liabilities

 

$

3,768

 

 

$

3,017

 

ROU assets obtained in exchange for new lease obligations

 

 

269

 

 

 

5,729

 

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities as of June 30, 2022 were as follows (in thousands):

 

Year ending December 31,

 

 

 

2022 (for the remaining six months)

 

$

3,446

 

2023

 

 

5,828

 

2024

 

 

3,030

 

2025

 

 

1,354

 

2026

 

 

1,339

 

Thereafter

 

 

2,461

 

Total undiscounted lease payments

 

 

17,458

 

Less: imputed interest

 

 

(2,117

)

Total lease liabilities

 

$

15,341

 

Schedule of Components of Lease Expense

The following table presents components of lease expense (in thousands):

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Operating lease expense

 

$

1,613

 

 

$

1,466

 

 

$

3,221

 

 

$

2,769

 

Short-term lease expense(1)

 

 

148

 

 

 

225

 

 

 

330

 

 

 

391

 

 

 

 

1,761

 

 

 

1,691

 

 

 

3,551

 

 

 

3,160

 

Less: Sublease income

 

 

(23

)

 

 

(15

)

 

 

(46

)

 

 

(15

)

Total lease expense

 

$

1,738

 

 

$

1,676

 

 

$

3,505

 

 

$

3,145

 

 

(1)
Short-term lease expense includes all leases with lease terms ranging from less than one month to one year.