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Leases (Tables)
12 Months Ended
Dec. 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 December 31,

 

 

 

2020

 

 

2019

 

Balance sheet information

 

 

 

 

 

 

 

 

ROU assets

 

$

15,045

 

 

$

13,071

 

Lease liabilities, current

 

$

4,259

 

 

$

3,567

 

Lease liabilities, non-current

 

 

14,403

 

 

 

11,823

 

Total lease liabilities

 

$

18,662

 

 

$

15,390

 

Supplemental data

 

 

 

 

 

 

 

 

Weighted average remaining lease term

 

4.57 years

 

 

4.11 years

 

Weighted average discount rate

 

 

7.00

%

 

 

7.00

%

 

 

 

Year Ended December 31,

 

 

 

2020

 

 

2019

 

Cash paid for amounts included in lease liabilities

 

$

4,891

 

 

$

3,986

 

ROU assets obtained in exchange for new lease obligations

 

 

5,870

 

 

 

17,724

 

 

Schedule of Maturities of Lease Liabilities

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

 

Year ending December 31,

 

 

 

 

2021

 

$

5,558

 

2022

 

 

5,268

 

2023

 

 

5,105

 

2024

 

 

2,635

 

2025

 

 

929

 

Thereafter

 

 

2,769

 

Total undiscounted lease payments

 

 

22,264

 

Less: imputed interest

 

 

(3,602

)

Total lease liabilities

 

$

18,662

 

Schedule of Components of Lease Expense

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

 

 

 

Year Ended December 31,

 

 

 

2020

 

 

2019

 

Operating lease expense

 

$

5,024

 

 

$

3,879

 

Short-term lease expense(1)

 

 

982

 

 

 

958

 

 

 

 

6,006

 

 

 

4,837

 

Less: Sublease income

 

 

(236

)

 

 

(91

)

Total lease expense

 

$

5,770

 

 

$

4,746

 

 

(1)

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