LEASES

9 Months Ended

Sep. 30, 2020

Leases

Leases

Note 4—Leases

The Company leases certain facilities from a related party, which is a company affiliated with us through common ownership. Included in the right-of-use asset (“ROU asset”) as of September 30, 2020 was $3,739 and a corresponding lease liability of $3,739 associated with related party leases.

As of September 30, 2020, there were no additional operating leases that have not yet commenced. Refer to the following table for quantitative information related to the Company’s leases for the three and nine months ended September 30, 2020 and 2019:

	Three months ended September 30, 2020						Nine months ended September 30, 2020
	Related Parties		Others		Total		Related Parties		Others		Total
Lease Cost
Capitalized operating lease cost	$	313	$	798	$	1,111	$	1,071	$	2,379	$	3,450
Short-term lease cost		107		2		109		188		6		194
Total lease cost	$	420	$	800	$	1,220	$	1,259	$	2,385	$	3,644
Other Information
Cash paid for amounts included in the measurement of lease liabilities and capitalized operating leases:
Operating cash flows	$	313	$	832	$	1,145	$	1,071	$	2,439	$	3,510
Weighted-average remaining lease term (in years):
Capitalized operating leases								3.17		5.81		5.13
Weighted-average discount rate:
Capitalized operating leases								3.92%		3.92%		3.92%

	Three months ended September 30, 2019						Nine months ended September 30, 2019
	Related Parties		Others		Total		Related Parties		Others		Total
Lease Cost
Capitalized operating lease cost	$	379	$	773	$	1,152	$	1,137	$	2,396	$	3,533
Short-term lease cost		41		2		43		123		6		129
Total lease cost	$	420	$	775	$	1,195	$	1,260	$	2,402	$	3,662
Other Information
Cash paid for amounts included in the measurement of lease liabilities and capitalized operating leases:
Operating cash flows	$	379	$	832	$	1,211	$	1,137	$	2,585	$	3,722
Weighted-average remaining lease term (in years):
Capitalized operating leases								4.11		6.78		5.92
Weighted-average discount rate:
Capitalized operating leases								3.92%		3.92%		3.92%

As of September 30, 2020, future lease payments over the remaining term of capitalized operating leases were as follows:

For the Years Ended December 31,		Related Parties		Others		Total
2020, excluding the nine months ended September 30, 2020	$	313	$	833	$	1,146
2021		1,253		3,092		4,345
2022		1,253		2,111		3,364
2023		1,149		1,675		2,824
2024		—		1,699		1,699
2025		—		1,594		1,594
Thereafter		—		888		888
	$	3,968	$	11,892	$	15,860
Imputed interest						(1,292)
Lease liability balance at September 30, 2020					$	14,568

As of September 30, 2020, the ROU asset had a balance of $13,768. The long-term lease liability was $10,579 and the short-term lease liability, which is included in accrued expenses and other liabilities in the consolidated balance sheets, was $3,989.