Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2020

Commitments And Contingencies Disclosure [Abstract]

Summary of Components of Lease Expense

The following table summarizes the components of lease expense, which are included in operating expenses in the Company’s condensed statements of operations and comprehensive loss (in thousands):

	Three Months Ended		Nine Months Ended
	September 30, 2020		September 30, 2020
Operating lease cost	$	1,140	$	3,584
Variable lease cost		363		1,004
Impairment of operating lease right-of-use asset		—		1,157
Total lease cost	$	1,503	$	5,745

Summary of Supplemental Information Related to Leases

The following table summarizes supplemental information related to leases (in thousands):

	Nine Months Ended
	September 30, 2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	4,172
Weighted-average remaining lease term (years)
Operating leases		8.7
Weighted-average discount rate (percentage)
Operating leases		5.8	%

Summary of Maturities of Lease Liabilities

The following table summarizes the maturities of lease liabilities as of September 30, 2020 (in thousands):

	Amount
2020 (remaining 3 months)	$	1,626
2021		6,653
2022		6,283
2023		4,810
2024		4,964
Thereafter		27,302
Total future minimum lease payments		51,638
Less: Amount representing interest		(11,591	)
Present value of future minimum lease payments		40,047
Less: Current portion of operating lease liability		(4,415	)
Noncurrent portion of operating lease liability	$	35,632

Adoption of New Accounting Pronouncements Cumulative Effect on Condensed Balance Sheets

The cumulative effect on the Company’s condensed balance sheets at January 1, 2020 from the adoption of Topic 842 was as follows (in thousands):

	December 31, 2019		Topic 842 Adjustments			January 1, 2020
Operating lease right-of-use assets	$	—	$	27,174		$	27,174
Accrued and other current liabilities		4,995		(1,970	)		3,025
Operating lease liabilities, current portion		—		3,455			3,455
Deferred rent, net of current portion		13,298		(13,298	)		—
Operating lease liabilities, net of current portion		—		38,988			38,988