Leases

9 Months Ended

Sep. 30, 2022

Leases [Abstract]

Leases

Leases

The Company leases real estate, equipment and automobiles in the U.S. and internationally. The Company leases office facilities under non-cancelable operating leases that expire on various dates through December 2027, including office and manufacturing space in San Jose, California used as its corporate headquarters. The leases do not contain any material residual value guarantees or restrictive covenants.

Lease cost, which consisted primarily of operating lease cost, was $1.0 million and $3.0 million, respectively, for the three and nine months ended September 30, 2022, and $1.1 million and $3.2 million, respectively, for the three and nine months ended September 30, 2021.

Other information related to leases were as follows:

	September 30, 2022		December 31, 2021
Weighted average remaining lease term (years)	5.03		5.91
Weighted average discount rate	6.67	%	6.37	%

As of September 30, 2022, maturities of lease liabilities were as follows:

Years Ending December 31,	Operating Leases
2022 (remaining three months)	$	1,017
2023	4,046
2024	4,139
2025	3,986
2026	3,891
Thereafter	3,779
Total lease payments	$	20,858
Less amount representing interest	(3,122)
Present value of lease liabilities	$	17,736

Leases

Leases

The Company leases real estate, equipment and automobiles in the U.S. and internationally. The Company leases office facilities under non-cancelable operating leases that expire on various dates through December 2027, including office and manufacturing space in San Jose, California used as its corporate headquarters. The leases do not contain any material residual value guarantees or restrictive covenants.

Lease cost, which consisted primarily of operating lease cost, was $1.0 million and $3.0 million, respectively, for the three and nine months ended September 30, 2022, and $1.1 million and $3.2 million, respectively, for the three and nine months ended September 30, 2021.

Other information related to leases were as follows:

	September 30, 2022		December 31, 2021
Weighted average remaining lease term (years)	5.03		5.91
Weighted average discount rate	6.67	%	6.37	%

As of September 30, 2022, maturities of lease liabilities were as follows:

Years Ending December 31,	Operating Leases
2022 (remaining three months)	$	1,017
2023	4,046
2024	4,139
2025	3,986
2026	3,891
Thereafter	3,779
Total lease payments	$	20,858
Less amount representing interest	(3,122)
Present value of lease liabilities	$	17,736