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Leases (Tables)
9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Summary of Operating Lease Assets and Liabilities

The following table summarizes the presentation in the Company’s consolidated balance sheets of its operating leases (in thousands):

 

 

September 30, 2022

 

 

December 31, 2021

 

Assets:

 

 

 

 

 

 

Operating lease assets

 

$

23,747

 

 

$

18,208

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

Operating lease liabilities

 

$

7,333

 

 

$

6,610

 

Operating lease liabilities, net of current portion

 

 

17,850

 

 

 

17,958

 

Total operating lease liabilities

 

$

25,183

 

 

$

24,568

 

Summary of Lease Costs


The following table summarizes the effect of lease costs in the Company’s consolidated statement of operations and comprehensive (loss) income (in thousands):

 

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

 

 

2022

 

 

2021

 

2022

 

 

2021

 

Operating lease costs

 

$

1,785

 

 

$

1,278

 

$

5,405

 

 

$

3,595

 

Short-term lease costs

 

 

326

 

 

 

363

 

 

1,035

 

 

 

1,092

 

Variable lease costs

 

 

1,135

 

 

 

758

 

 

3,437

 

 

 

2,182

 

Sublease income

 

 

 

 

 

(437

)

 

 

 

 

(1,361

)

Total lease costs

 

$

3,246

 

 

$

1,962

 

$

9,877

 

 

$

5,508

 

Schedule of Future Payments of Operating Lease Liabilities

As of September 30, 2022, future payments of operating lease liabilities are as follows (in thousands):

 

 

As of
September 30, 2022

 

2022 (remaining 3 months)

 

$

2,386

 

2023

 

 

8,446

 

2024

 

 

3,387

 

2025

 

 

3,277

 

2026 and thereafter

 

 

16,199

 

Total future minimum lease payments

 

$

33,695

 

Less: interest

 

 

(8,512

)

Present value of operating lease liabilities

 

$

25,183