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Leases (Tables)
9 Months Ended
Sep. 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

 

 

 

September 30, 2021

 

 

December 31, 2020

 

Balance sheet information

 

 

 

 

 

 

 

 

ROU assets

 

$

18,317

 

 

$

15,045

 

Lease liabilities, current

 

$

6,343

 

 

$

4,259

 

Lease liabilities, non-current

 

 

15,266

 

 

 

14,403

 

Total lease liabilities

 

$

21,609

 

 

$

18,662

 

Supplemental data

 

 

 

 

 

 

 

 

Weighted average remaining lease term

 

4.22 years

 

 

4.57 years

 

Weighted average discount rate

 

 

6.14

%

 

 

7.00

%

 

 

 

Nine Months Ended

September 30,

 

 

 

2021

 

 

2020

 

Cash paid for amounts included in lease liabilities

 

$

4,726

 

 

$

3,615

 

ROU assets obtained in exchange for new lease obligations

 

 

6,681

 

 

 

5,648

 

Schedule of Maturities of Lease Liabilities

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

 

Year ending December 31,

 

 

 

 

2021 (for the remaining three months)

 

$

1,895

 

2022

 

 

7,350

 

2023

 

 

6,142

 

2024

 

 

3,315

 

2025

 

 

1,628

 

Thereafter

 

 

4,180

 

Total undiscounted lease payments

 

 

24,510

 

Less: imputed interest

 

 

(2,901

)

Total lease liabilities

 

$

21,609

 

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,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Operating lease expense

 

$

1,622

 

 

$

1,273

 

 

$

4,391

 

 

$

3,698

 

Short-term lease expense(1)

 

 

231

 

 

 

266

 

 

 

622

 

 

 

818

 

 

 

 

1,853

 

 

 

1,539

 

 

 

5,013

 

 

 

4,516

 

Less: Sublease income

 

 

(23

)

 

 

(98

)

 

 

(38

)

 

 

(236

)

Total lease expense

 

$

1,830

 

 

$

1,441

 

 

$

4,975

 

 

$

4,280

 

 

(1)

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