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Leases (Tables)
9 Months Ended
Sep. 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

 

 

 

September 30, 2020

 

 

December 31, 2019

 

Balance sheet information

 

 

 

 

 

 

 

 

ROU assets

 

$

15,940

 

 

$

13,071

 

Lease liabilities, current

 

$

4,354

 

 

$

3,567

 

Lease liabilities, non-current

 

 

15,209

 

 

 

11,823

 

Total lease liabilities

 

$

19,563

 

 

$

15,390

 

Supplemental data

 

 

 

 

 

 

 

 

Weighted average remaining lease term

 

4.72 years

 

 

4.11 years

 

Weighted average discount rate

 

 

7.00

%

 

 

7.00

%

 

 

 

Nine Months Ended

September 30,

 

 

 

2020

 

 

2019

 

Cash paid for amounts included in lease liabilities

 

$

3,615

 

 

$

2,648

 

ROU assets obtained in exchange for new lease obligations

 

 

5,648

 

 

 

17,726

 

Schedule of Maturities of Lease Liabilities

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

 

Year ending December 31,

 

 

 

 

2020 (for the remaining three months)

 

$

1,349

 

2021

 

 

5,410

 

2022

 

 

5,129

 

2023

 

 

5,010

 

2024

 

 

2,563

 

Thereafter

 

 

3,661

 

Total undiscounted lease payments

 

 

23,122

 

Less: imputed interest

 

 

(3,559

)

Total lease liabilities

 

$

19,563

 

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,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Operating lease expense

 

$

1,273

 

 

$

1,069

 

 

$

3,698

 

 

$

2,802

 

Short-term lease expense(1)

 

 

266

 

 

 

138

 

 

 

818

 

 

 

690

 

 

 

 

1,539

 

 

 

1,207

 

 

 

4,516

 

 

 

3,492

 

Less: Sublease income

 

 

(98

)

 

 

(33

)

 

 

(236

)

 

 

(45

)

Total lease expense

 

$

1,441

 

 

$

1,174

 

 

$

4,280

 

 

$

3,447

 

 

(1)

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