LEASES

3 Months Ended

Mar. 31, 2021

LEASES

LEASES

13.    LEASES

The Company has operating leases for office space, manufacturing equipment, computer equipment and automobiles. Many leases include one or more options to renew, some of which include options to extend the leases for a long-term period, and some leases include options to terminate the leases within 30 days. In certain of the Company’s lease agreements, the rental payments are adjusted periodically to reflect actual charges incurred for capital area maintenance, utilities, inflation and/or changes in other indexes.

Short term and variable lease expense were not material in any of the periods presented.

Supplemental cash flow information related to the Company’s operating leases for the three months ended March 31, 2021 and 2020 was as follows (in thousands):

	March 31,
	2021		2020
Cash paid for amounts included in the measurement of operating leases	$	1,339	$	1,001
ROU assets obtained in exchange for operating lease obligations	$	1,553	$	2,710

The following table presents the maturity of the Company’s operating lease liabilities as of March 31, 2021 (in thousands):

Remainder of 2021	$	3,773
2022		4,094
2023		3,045
2024		2,368
2025		2,183
2026		1,146
Thereafter		4,327
Total undiscounted cash flows	$	20,936
Less: present value discount		(1,498)
Total lease liabilities	$	19,438

As of March 31, 2021, the Company had no additional significant operating or finance leases that had not yet commenced.

The Company leases certain facilities from a company for which one of our executive officers is a part owner. In connection with such leases, the Company made payments to the lessor of $0.5 million during the year ended December 31, 2020 and is obligated to make payments of $0.7 million during the year ending December 31, 2021. Future minimum lease payments under the leases as of March 31, 2021 are $8.4 million.