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Leases (Tables)
6 Months Ended
Jun. 30, 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

 

 

 

June 30, 2020

 

 

December 31, 2019

 

Balance sheet information

 

 

 

 

 

 

 

 

ROU assets

 

$

16,089

 

 

$

13,071

 

Lease liabilities, current

 

$

4,172

 

 

$

3,567

 

Lease liabilities, non-current

 

 

15,528

 

 

 

11,823

 

Total lease liabilities

 

$

19,700

 

 

$

15,390

 

Supplemental data

 

 

 

 

 

 

 

 

Weighted average remaining lease term

 

4.04 years

 

 

4.11 years

 

Weighted average discount rate

 

 

7.00

%

 

 

7.00

%

 

 

 

Six Months Ended

June 30,

 

 

 

2020

 

 

2019

 

Cash paid for amounts included in lease liabilities

 

$

2,330

 

 

$

1,286

 

ROU assets obtained in exchange for new lease obligations

 

 

4,853

 

 

 

22,379

 

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities as of June 30, 2020 were as follows (in thousands):

 

Year ending December 31,

 

 

 

 

2020 (for the remaining six months)

 

$

2,557

 

2021

 

 

5,193

 

2022

 

 

4,915

 

2023

 

 

4,794

 

2024

 

 

2,344

 

Thereafter

 

 

3,650

 

Total undiscounted lease payments

 

 

23,453

 

Less: imputed interest

 

 

(3,753

)

Total lease liabilities

 

$

19,700

 

Schedule of Components of Lease Expense

The following table presents components of lease expense for the three and six months ended June 30, 2020 and 2019 (in thousands):

 

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Operating lease expense

 

$

1,276

 

 

$

991

 

 

$

2,425

 

 

$

1,733

 

Short-term lease expense(1)

 

 

337

 

 

 

151

 

 

 

552

 

 

 

552

 

 

 

 

1,613

 

 

 

1,142

 

 

 

2,977

 

 

 

2,285

 

Less: Sublease income

 

 

(92

)

 

 

(9

)

 

 

(138

)

 

 

(12

)

Total lease expense

 

$

1,521

 

 

$

1,133

 

 

$

2,839

 

 

$

2,273

 

 

(1)

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