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Leases (Tables)
9 Months Ended
Sep. 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

 

 

 

September 30, 2022

 

 

December 31, 2021

 

Balance sheet information

 

 

 

 

 

 

ROU assets

 

$

10,968

 

 

$

18,160

 

Lease liabilities, current

 

$

5,225

 

 

$

6,356

 

Lease liabilities, non-current

 

 

8,373

 

 

 

15,328

 

Total lease liabilities

 

$

13,598

 

 

$

21,684

 

Supplemental data

 

 

 

 

 

 

Weighted average remaining lease term

 

3.72 years

 

 

4.24 years

 

Weighted average discount rate

 

 

6.27

%

 

 

5.99

%

 

 

 

Nine Months Ended
September 30,

 

 

 

2022

 

 

2021

 

Cash paid for amounts included in lease liabilities

 

$

5,552

 

 

$

4,726

 

ROU assets obtained in exchange for new lease obligations

 

 

287

 

 

 

6,681

 

Schedule of Maturities of Lease Liabilities

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

Year ending December 31,

 

 

 

2022 (for the remaining three months)

 

$

1,609

 

2023

 

 

5,516

 

2024

 

 

2,736

 

2025

 

 

1,075

 

2026

 

 

1,063

 

Thereafter

 

 

2,153

 

Total undiscounted lease payments

 

 

14,152

 

Less: imputed interest

 

 

(554

)

Total lease liabilities

 

$

13,598

 

Schedule of Components of Lease Expense

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

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Operating lease expense

 

$

1,446

 

 

$

1,622

 

 

$

4,667

 

 

$

4,391

 

Short-term lease expense(1)

 

 

143

 

 

 

231

 

 

 

473

 

 

 

622

 

 

 

 

1,589

 

 

 

1,853

 

 

 

5,140

 

 

 

5,013

 

Less: Sublease income

 

 

(56

)

 

 

(23

)

 

 

(102

)

 

 

(38

)

Total lease expense

 

$

1,533

 

 

$

1,830

 

 

$

5,038

 

 

$

4,975

 

 

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