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Leases (Tables)
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Balance Sheet Disclosures

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Leases (in thousands)

    

Classification

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December 31, 2020

    

December 31, 2019

Assets

 

  

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Operating lease assets

 

Other assets

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$

22,308

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$

9,653

Liabilities

 

  

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Current

 

  

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Operating

 

Other current liabilities

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$

5,431

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$

3,817

Noncurrent

 

  

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Operating

 

Other long-term liabilities

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18,952

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6,792

Total lease liabilities

 

  

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$

24,383

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$

10,609

Components of Lease Expense

The components of lease expense were as follows (in thousands):

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Twelve Months Ended

    

Twelve Months Ended

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Classification

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December 31, 2020

    

December 31, 2019

Operating lease expense (1)

 

Sales, general and administrative expenses (2)

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$

6,757

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$

4,627

Sublease income

 

Interest and other income, net

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(55)

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(301)

Net lease expense

 

  

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$

6,702

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$

4,326

(1)Includes short-term leases, which are immaterial.
(2)An immaterial portion of operating lease expense is included within research and development expenses and cost of sales.

Other information related to leases was as follows (in thousands, except lease term and discount rate):

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Twelve Months Ended

    

Twelve Months Ended

 

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December 31, 2020

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December 31, 2019

 

Supplemental Cash Flows Information

 

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Cash paid for amounts included in the measurement of lease liabilities:

 

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Operating cash flows for operating leases

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$

4,666

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$

4,374

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Right-of-use assets obtained in exchange for lease liabilities:

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Operating leases

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17,390

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888

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Weighted average remaining lease term:

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Operating leases

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4.4

years

 

3.1

years

Weighted average discount rate:

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Operating leases

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3.36

%

 

3.55

%

Schedule of Future Minimum Rental Payments For Operating Leases

Future minimum lease payments under non-cancellable leases as of December 31, 2020 were as follows (in thousands):

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Operating

2021

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6,277

2022

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6,178

2023

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5,891

2024

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4,009

2025

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3,851

Thereafter

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203

Total minimum lease payments

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26,409

Less: Amount representing interest

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(2,026)

Present value of lease payments

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$

24,383

Lessor, Operating Lease, Payments to be Received, Maturity

Future minimum lease payments under non-cancellable leases as of December 31, 2020 were as follows (in thousands):

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Operating

2021

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6,277

2022

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6,178

2023

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5,891

2024

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4,009

2025

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3,851

Thereafter

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203

Total minimum lease payments

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26,409

Less: Amount representing interest

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(2,026)

Present value of lease payments

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$

24,383