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Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Summary of Lease Costs

Information related to the Company's total lease costs was as follows (in thousands):

 

 

Year Ended

 

 

December 31, 2021

 

 

December 31, 2020

 

Operating lease cost

$

8,957

 

 

$

8,352

 

Variable lease cost

 

689

 

 

 

928

 

Short-term lease cost

 

94

 

 

 

709

 

Total lease cost

$

9,740

 

 

$

9,989

 

 

Summary of Information Related to ROU Assets and Related Lease Liabilities

 

 

Information related to the Company's ROU assets and related lease liabilities was as follows (in thousands):

 

 

Year Ended

 

 

 

December 31, 2021

 

 

December 31, 2020

 

 

Cash paid for operating lease liabilities

$

8,854

 

 

$

8,136

 

 

Right-of-use assets obtained in exchange for new operating lease obligations

 

5,717

 

 

 

6,444

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2021

 

 

December 31, 2020

 

 

Weighted-average remaining lease term

3.6 years

 

 

3.7 years

 

 

Weighted-average discount rate

3.6

 

%

3.9

 

%

Reconciliation of Undiscounted Future Minimum Lease Payments Under Noncancellable Operating Leases

 

 

The table below reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under noncancellable operating leases with terms of more than one year to the total operating lease liabilities recognized on the consolidated balance sheets as of December 31, 2021 (in thousands):

 

2022

$

7,807

 

2023

 

6,405

 

2024

 

4,359

 

2025

 

2,231

 

2026

 

1,322

 

Thereafter

 

1,038

 

Total undiscounted future minimum lease payments

 

23,162

 

Less: Difference between undiscounted lease payments and discounted operating lease liabilities

 

1,373

 

Total operating lease liabilities

$

21,789

 

Current operating lease liabilities

$

7,191

 

Long-term operating lease liabilities

 

14,598

 

Total operating lease liabilities

$

21,789