Leases (Tables)

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Summary of Components of Lease Cost Recognized

The components of lease cost recognized within the Company’s condensed consolidated statements of operations were as follows (in thousands):

	Three Months Ended March 31,
	2021		2020
Operating lease cost(1)	$	4,755	$	3,960
Short-term lease cost	792		899

1)Includes non-cash lease expense of $4.0 million and $3.2 million for the three months ended March 31, 2021 and 2020, respectively.

Summary of Supplemental Cash Flow Information and Non-cash Activity

Supplemental cash flow information and non-cash activity related to the Company’s operating leases are as follows (in thousands):

	Three Months Ended March 31,
	2021		2020
Cash paid for amounts included in measurement of lease liabilities	$	4,483	$	3,134
Operating lease assets obtained in exchange for new lease liabilities	—		1,862

Summary of Maturities of Lease Liabilities

Maturities of lease liabilities by fiscal year for the Company’s operating leases are as follows (in thousands):

	Amount
Remainder of 2021	$	14,349
2022	20,023
2023	17,898
2024	2,572
2025	2,766
2026 and beyond	12,746
Total lease payments	$	70,354
Less: imputed interest	(7,108)
Present value of lease liabilities	$	63,246

Summary of Weighted Average Remaining Lease Term and Discount Rate

Weighted average remaining lease term and discount rate for the Company’s operating leases are as follows:

	March 31, 2021
Weighted-average remaining lease term (years)	4.3
Weighted-average discount rate	4.71	%