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Leases (Tables)
3 Months Ended
Mar. 31, 2020
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

 

 

 

March 31, 2020

 

 

December 31, 2019

 

Balance sheet information

 

 

 

 

 

 

 

 

ROU assets

 

$

16,457

 

 

$

13,071

 

Lease liabilities, current

 

$

3,858

 

 

$

3,567

 

Lease liabilities, non-current

 

 

16,109

 

 

 

11,823

 

Total lease liabilities

 

$

19,967

 

 

$

15,390

 

Supplemental data

 

 

 

 

 

 

 

 

Weighted average remaining lease term

 

4.28 years

 

 

4.11 years

 

Weighted average discount rate

 

 

7.00

%

 

 

7.00

%

ROU assets obtained in exchange for new lease obligations

   during the respective period

 

$

5,055

 

 

$

17,724

 

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities as of March 31, 2020 were as follows (in thousands):

 

Year ending December 31,

 

 

 

 

2020 (for the remaining nine months)

 

$

3,875

 

2021

 

 

5,278

 

2022

 

 

4,861

 

2023

 

 

4,787

 

2024

 

 

2,384

 

Thereafter

 

 

3,733

 

Total undiscounted lease payments

 

 

24,918

 

Less: imputed interest

 

 

(4,951

)

Total lease liabilities

 

$

19,967

 

Schedule of Components of Lease Expense

The following table presents components of lease expense for the three months ended March 31, 2020 and 2019 (in thousands):

 

 

 

Three Months Ended

March 31,

 

 

 

2020

 

 

2019

 

Operating lease expense

 

$

1,149

 

 

$

742

 

Short-term lease expense(1)

 

 

215

 

 

 

401

 

 

 

 

1,364

 

 

 

1,143

 

Less: Sublease income

 

 

(46

)

 

 

(3

)

Total lease expense

 

$

1,318

 

 

$

1,140

 

 

(1)

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