Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Summary of Lease Costs and Additional Information Related to Operating Leases

The following table contains a summary of the lease costs recognized under ASC 842 and additional information related to operating leases (in thousands, except weighted average amounts):

	Year Ended December 31,
	2021			2020
Operating lease cost	$	11,921		$	4,591
Short-term lease cost		261			459
Variable lease cost		4,256			2,299
Total least cost	$	16,438		$	7,349
Other Information
Weighted average remaining lease term (in years)		10.4			10.6
Weighted average incremental borrowing rate		5.2	%		7.7	%
Cash paid for amounts included in the measurement of operating lease liabilities	$	6,250		$	5,081
ROU assets obtained in exchange for new operating lease liabilities	$	77,187		$	48,495

Schedule of Maturities of Operating Lease Liabilities

The maturity of the Company’s operating lease liabilities as of December 31, 2021 was as follows (in thousands):

	Amounts
2022	$	12,432
2023		19,082
2024		18,233
2025		15,917
2026		16,353
Thereafter		103,413
Total lease payments		185,430
Less: imputed interest		(45,261	)
Less: net tenant improvement allowance yet to be received		(52,217	)
Present value of operating lease liabilities	$	87,952

Schedule of Operating Lease Amounts Recorded in Condensed Consolidated Balance Sheet

The following amounts were recorded in the consolidated balance sheets as of December 31, 2021 and 2020 (in thousands):

	December 31,
	2021		2020
Operating Leases
Prepaid expenses and other current assets (1)	$	49,536	$	7,913
Operating ROU assets		87,220		61,947
Accrued and other liabilities	$	3,927	$	3,625
Operating lease liabilities, noncurrent		133,561		66,556
Total operating lease liabilities	$	137,488	$	70,181

(1)For certain operating leases, lease incentives expected to be received exceeds the minimum lease payments expected to be paid over the next 12 months, therefore the net amount is recorded in prepaid expenses and other current assets.