Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Operating Lease, Lease Income [Table Text Block]

For the three months ended March 31, 2021 and 2020, quantitative information regarding the Company's operating lease obligations reflected in the accompanying condensed consolidated statements of operations were as follows:

	Three Months Ended March 31,
	2021		2020
	(dollars in thousands)
Lease cost
Operating lease cost	$	5,770	$	5,685
Short-term lease cost	33		146
Variable lease cost	906		788
Sublease income	(160)		(216)
Total lease costs	$	6,549	$	6,403

The following table summarizes the supplemental cash flow information and certain other information related to operating leases for the three months ended March 31, 2021 and 2020:

	Three Months Ended March 31,
	2021			2020
	(dollars in thousands)
Other information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	6,748		$	8,578
Weighted average remaining lease term - operating leases (in years)	4.56			5.11
Weighted average discount rate - operating leases	4.10		%	4.14		%

Future Minimum Annual Lease and Service Payments

As of March 31, 2021, maturities of the outstanding operating lease liabilities for the Company were as follows:

	Equipment Leases (operating)		Real Estate and Other Facility Rental (a) (b)
	(dollars in thousands)
2021	$	207	$	19,065
2022	150		22,612
2023	11		19,123
2024	—		15,883
2025	—		5,446
Thereafter	—		7,862
Total operating leases	368		89,991
Less discount	21		8,927
Less short-term leases	—		11
Total lease liability	$	347	$	81,053

(a)The Company has entered into various agreements to sublease certain of its premises.

(b)During the three months ended March 31, 2021, the Company recognized an increase of $5.3 million of operating right-of-use assets and leases liabilities related to for facility leases.

As of March 31, 2021, future minimum annual service payments for the Company were as follows:

	Service Payments
	(dollars in thousands)
2021	$	17,854
2022	16,739
2023	8,934
2024	5,254
2025	3,366
Thereafter	10,594
Total service payment commitments	$	62,741

Other Commitments

The following table summarizes unfunded commitments as of March 31, 2021:

Entity	Unfunded Commitments		Commitment Term
	(dollars in thousands)
HealthCare Royalty Partners funds (a)	$	7,333	3.80 years
Eclipse Ventures Fund I, L.P.	$	28	3.80 years
Eclipse Fund II, L.P.	$	95	4.80 years
Eclipse Continuity Fund I, L.P.	$	41	5.80 years
Cowen Healthcare Investments III LP	$	4,126	5.80 years
Cowen Sustainable Investments I LP	$	15,709	8.80 years

(a) The Company is a limited partner of the HealthCare Royalty Partners funds (which are managed by Healthcare Royalty Management) and is a member of HealthCare Royalty Partners General Partners. The Company will make its pro-rata investment in the HealthCare Royalty Partners funds along with the other limited partners.