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Leases (Tables)
3 Months Ended
Mar. 31, 2022
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, 2022

 

 

December 31, 2021

 

Balance sheet information

 

 

 

 

 

 

 

 

ROU assets

 

$

16,781

 

 

$

18,160

 

Lease liabilities, current

 

$

6,321

 

 

$

6,356

 

Lease liabilities, non-current

 

 

13,747

 

 

 

15,328

 

Total lease liabilities

 

$

20,068

 

 

$

21,684

 

Supplemental data

 

 

 

 

 

 

 

 

Weighted average remaining lease term

 

4.12 years

 

 

4.24 years

 

Weighted average discount rate

 

 

5.98

%

 

 

5.99

%

 

 

 

Three Months Ended

March 31,

 

 

 

2022

 

 

2021

 

Cash paid for amounts included in lease liabilities

 

$

2,027

 

 

$

1,784

 

ROU assets obtained in exchange for new lease obligations

 

 

243

 

 

 

163

 

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities as of March 31, 2022 were as follows (in thousands):

 

Year ending December 31,

 

 

 

 

2022 (for the remaining nine months)

 

$

5,764

 

2023

 

 

6,530

 

2024

 

 

3,717

 

2025

 

 

2,018

 

2026

 

 

1,877

 

Thereafter

 

 

3,026

 

Total undiscounted lease payments

 

 

22,932

 

Less: imputed interest

 

 

(2,864

)

Total lease liabilities

 

$

20,068

 

Schedule of Components of Lease Expense

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

 

 

 

Three Months Ended

March 31,

 

 

 

2022

 

 

2021

 

Operating lease expense

 

$

1,608

 

 

$

1,303

 

Short-term lease expense(1)

 

 

182

 

 

 

166

 

 

 

 

1,790

 

 

 

1,469

 

Less: Sublease income

 

 

(23

)

 

 

 

Total lease expense

 

$

1,767

 

 

$

1,469

 

 

(1)

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