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

Leases (in thousands)

    

Classification

December 31, 2020

    

December 31, 2019

Assets

 

  

  

 

  

Operating lease assets

 

Other assets

$

22,308

$

9,653

Liabilities

 

  

 

  

 

  

Current

 

  

 

  

 

  

Operating

 

Other current liabilities

$

5,431

$

3,817

Noncurrent

 

  

 

  

 

  

Operating

 

Other long-term liabilities

 

18,952

 

6,792

Total lease liabilities

 

  

$

24,383

$

10,609

Components of Lease Expense

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

    

Twelve Months Ended

    

Twelve Months Ended

    

Classification

December 31, 2020

    

December 31, 2019

Operating lease expense (1)

 

Sales, general and administrative expenses (2)

$

6,757

$

4,627

Sublease income

 

Interest and other income, net

 

(55)

 

(301)

Net lease expense

 

  

$

6,702

$

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):

    

Twelve Months Ended

    

Twelve Months Ended

 

December 31, 2020

December 31, 2019

 

Supplemental Cash Flows Information

 

  

 

  

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

 

  

 

  

Operating cash flows for operating leases

$

4,666

$

4,374

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

 

  

 

  

Operating leases

 

17,390

 

888

Weighted average remaining lease term:

 

  

 

  

Operating leases

 

4.4

years

 

3.1

years

Weighted average discount rate:

 

  

 

  

Operating leases

 

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):

    

Operating

2021

6,277

2022

 

6,178

2023

 

5,891

2024

 

4,009

2025

 

3,851

Thereafter

 

203

Total minimum lease payments

 

26,409

Less: Amount representing interest

 

(2,026)

Present value of lease payments

$

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):

    

Operating

2021

6,277

2022

 

6,178

2023

 

5,891

2024

 

4,009

2025

 

3,851

Thereafter

 

203

Total minimum lease payments

 

26,409

Less: Amount representing interest

 

(2,026)

Present value of lease payments

$

24,383