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Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2021
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 March 31,

 

 

 

2021

 

 

2020

 

Operating lease cost

 

$

1,096

 

 

$

1,300

 

Variable lease cost

 

 

466

 

 

 

278

 

Sublease income

 

 

(145

)

 

 

 

Impairment of operating lease right-of-use asset

 

 

 

 

 

1,157

 

Total lease cost

 

$

1,417

 

 

$

2,735

 

Summary of Supplemental Information Related to Leases

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

 

 

Three Months Ended March 31,

 

 

2021

 

 

2020

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

 

Operating cash flows from operating leases

$

1,652

 

 

$

839

 

Weighted-average remaining lease term (years)

 

 

 

 

 

 

 

Operating leases

 

8.3

 

 

 

9.0

 

Weighted-average discount rate (percentage)

 

 

 

 

 

 

 

Operating leases

 

5.9

%

 

 

5.8

%

Summary of Maturities of Lease Liabilities

The following table summarizes the maturities of lease liabilities as of March 31, 2021 (in thousands):

 

 

 

Amount

 

2021 (remaining 9 months)

 

$

5,001

 

2022

 

 

6,283

 

2023

 

 

4,810

 

2024

 

 

4,964

 

2025

 

 

5,123

 

Thereafter

 

 

22,179

 

Total future minimum lease payments

 

 

48,360

 

Less: Amount representing interest

 

 

(10,470

)

Present value of future minimum lease payments

 

 

37,890

 

Less: Current portion of operating lease liability

 

 

(4,626

)

Noncurrent portion of operating lease liability

 

$

33,264