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Leases (Tables)
6 Months Ended
Jun. 30, 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

 

 

 

June 30, 2021

 

 

December 31, 2020

 

Balance sheet information

 

 

 

 

 

 

 

 

ROU assets

 

$

18,700

 

 

$

15,045

 

Lease liabilities, current

 

$

5,715

 

 

$

4,259

 

Lease liabilities, non-current

 

 

16,363

 

 

 

14,403

 

Total lease liabilities

 

$

22,078

 

 

$

18,662

 

Supplemental data

 

 

 

 

 

 

 

 

Weighted average remaining lease term

 

4.49 years

 

 

4.57 years

 

Weighted average discount rate

 

 

6.23

%

 

 

7.00

%

 

 

 

Six Months Ended

June 30,

 

 

 

2021

 

 

2020

 

Cash paid for amounts included in lease liabilities

 

$

3,017

 

 

$

2,330

 

ROU assets obtained in exchange for new lease obligations

 

 

5,729

 

 

 

4,853

 

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities as of June 30, 2021 were as follows (in thousands):

 

Year ending December 31,

 

 

 

 

2021 (for the remaining six months)

 

$

3,494

 

2022

 

 

6,715

 

2023

 

 

6,029

 

2024

 

 

3,341

 

2025

 

 

1,647

 

Thereafter

 

 

4,220

 

Total undiscounted lease payments

 

 

25,446

 

Less: imputed interest

 

 

(3,368

)

Total lease liabilities

 

$

22,078

 

Schedule of Components of Lease Expense

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

 

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Operating lease expense

 

$

1,466

 

 

$

1,276

 

 

$

2,769

 

 

$

2,425

 

Short-term lease expense(1)

 

 

225

 

 

 

337

 

 

 

391

 

 

 

552

 

 

 

 

1,691

 

 

 

1,613

 

 

 

3,160

 

 

 

2,977

 

Less: Sublease income

 

 

(15

)

 

 

(92

)

 

 

(15

)

 

 

(138

)

Total lease expense

 

$

1,676

 

 

$

1,521

 

 

$

3,145

 

 

$

2,839

 

 

 

(1)

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