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Leases (Tables)
9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Summary of Lease Costs and Activity

The Company’s lease costs and activity for the three and nine months ended September 30, 2020 were as follows (in thousands):

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2020

 

 

2020

 

Lease Cost

 

 

 

 

 

 

 

 

Operating lease cost

 

$

1,308

 

 

$

4,075

 

Short-term lease cost

 

 

669

 

 

 

2,187

 

Variable lease cost

 

 

433

 

 

 

1,399

 

Sublease income

 

 

(67

)

 

 

(404

)

Net lease cost

 

$

2,343

 

 

$

7,257

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2020

 

 

2020

 

Other information

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

1,320

 

 

$

4,146

 

Right-of-use assets obtained in exchange for operating lease liabilities

 

$

 

 

$

521

 

 

Summary of Maturity of Lease Liabilities on Undiscounted Cash Flow Basis and Reconciliation

The maturity of the Company’s lease liabilities on an undiscounted cash flow basis and a reconciliation to the operating lease liabilities recognized on the Company’s condensed consolidated balance sheet as of September 30, 2020 were as follows (in thousands):

 

 

 

 

 

 

For remainder of 2020

 

$

1,283

 

2021

 

 

5,034

 

2022

 

 

3,334

 

2023

 

 

3,152

 

2024

 

 

2,872

 

Thereafter

 

 

724

 

Total lease payments

 

 

16,399

 

Less: interest

 

 

(1,104

)

Present value of lease liabilities

 

$

15,295

 

 

 

 

 

 

Operating lease liabilities, current

 

$

4,621

 

Operating lease liabilities, noncurrent

 

 

10,674

 

Total operating lease liabilities

 

$

15,295

 

 

Summary of Future Minimum Payments Under Non-cancelable Operating Leases

Future minimum payments under non-cancelable operating leases with initial terms of one year or more consisted of the following as of December 31, 2019 in accordance with ASC Topic 840 (in thousands):

 

Year Ending December 31,

 

 

 

 

2020

 

$

5,509

 

2021

 

 

4,909

 

2022

 

 

3,204

 

2023

 

 

3,026

 

2024

 

 

2,746

 

Thereafter

 

 

699

 

Total future minimum lease payments

 

$

20,093