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Leases (Tables)
3 Months Ended
Mar. 31, 2021
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, 2021

 

 

December 31, 2020

 

Balance sheet information

 

 

 

 

 

 

 

 

ROU assets

 

$

14,179

 

 

$

15,045

 

Lease liabilities, current

 

$

4,244

 

 

$

4,259

 

Lease liabilities, non-current

 

 

13,406

 

 

 

14,403

 

Total lease liabilities

 

$

17,650

 

 

$

18,662

 

Supplemental data

 

 

 

 

 

 

 

 

Weighted average remaining lease term

 

4.36 years

 

 

4.57 years

 

Weighted average discount rate

 

 

6.97

%

 

 

7.00

%

 

 

 

 

Three Months Ended

March 31,

 

 

 

2021

 

 

2020

 

Cash paid for amounts included in lease liabilities

 

$

1,784

 

 

$

1,158

 

ROU assets obtained in exchange for new lease obligations

 

 

163

 

 

 

5,055

 

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities as of March 31, 2021 were as follows (in thousands):

 

Year ending December 31,

 

 

 

 

2021 (for the remaining nine months)

 

$

4,173

 

2022

 

 

5,248

 

2023

 

 

5,097

 

2024

 

 

2,631

 

2025

 

 

930

 

Thereafter

 

 

2,769

 

Total undiscounted lease payments

 

 

20,848

 

Less: imputed interest

 

 

(3,198

)

Total lease liabilities

 

$

17,650

 

Schedule of Components of Lease Expense

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

 

 

 

Three Months Ended

March 31,

 

 

 

2021

 

 

2020

 

Operating lease expense

 

$

1,303

 

 

$

1,149

 

Short-term lease expense(1)

 

 

166

 

 

 

215

 

 

 

 

1,469

 

 

 

1,364

 

Less: Sublease income

 

 

 

 

 

(46

)

Total lease expense

 

$

1,469

 

 

$

1,318

 

 

(1)

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