Leases (Tables)

6 Months Ended

Jun. 30, 2021

Leases [Abstract]

Summary of Lease Related Assets and Liabilities

The table below presents the lease-related assets and liabilities recorded on the consolidated balance sheet as of June 30, 2021:

	As of
	June 30, 2021			December 31, 2020
	(in thousands)
Right-of-use assets	$	8,417		$	8,892
Lease liabilities included in accrued expenses and other current liabilities		1,086			1,264
Lease liabilities - non-current		6,718			6,986
Total operating lease liabilities	$	7,804		$	8,250
Weighted-average remaining lease term (years)		5.5			5.9
Weighted-average discount rate		4.6	%		4.2	%

Summary of Lease Costs

The table below presents certain information related to the lease costs for operating leases for the three and six months ended June 30, 2021 and 2020:

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
	(in thousands)
Operating lease cost	$	567	$	426	$	882	$	851
Short-term lease cost		86		80		164		165
Variable lease cost		82		56		165		156
Total lease cost	$	735	$	562	$	1,211	$	1,172

Summary of Undiscounted Cash Flows

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the operating lease liabilities recorded on the consolidated balance sheet as of June 30, 2021: 

	(in thousands)
2021	$	395
2022		1,739
2023		1,585
2024		1,548
2025		1,580
2026 and beyond		2,019
Total minimum lease payments		8,866
Less: amount of lease payments representing interest		(1,062	)
Present value of future minimum lease payments		7,804
Less: current obligations under leases		(1,086	)
Long-term lease liabilities	$	6,718