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Leases
9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Leases

Note 7. Leases

The following table presents the components of lease expense in our condensed consolidated statements of operations for the periods presented (in thousands):

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Operating lease costs(a)

 

 

 

 

 

 

 

 

 

 

 

Single lease costs

$

1,078

 

 

$

1,038

 

 

$

3,164

 

 

$

3,114

 

Variable lease costs

 

521

 

 

 

469

 

 

 

1,614

 

 

 

1,436

 

Sublease income(b)

 

(494

)

 

 

(475

)

 

 

(1,482

)

 

 

(1,425

)

Total operating lease costs

$

1,105

 

 

$

1,032

 

 

$

3,296

 

 

$

3,125

 

(a) Includes short-term lease costs, which are immaterial.

 

(b) Sublease income is related to unused office space that we sublet as part of the restructuring in fiscal 2018 where we continue to have the primary obligations.

 

 

The following table presents supplemental cash-flow information related to operating leases for the periods presented (in thousands):

 

Nine Months Ended September 30,

 

 

2022

 

 

2021

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

Operating cash flows used

$

3,792

 

 

$

3,668

 

Lease liabilities arising from remeasurement of right-of-use assets

 

 

 

 

 

Operating leases

$

 

 

$

698

 

Lease liabilities arising from obtaining ROU assets

 

 

 

 

 

Operating leases

$

2,237

 

 

$

 

 

The following table presents weighted-average remaining lease term and weighted-average discount rate related to operating leases as of the dates presented:

 

September 30, 2022

 

 

December 31, 2021

 

Weighted-average remaining lease term (years)

 

4.4

 

 

 

4.4

 

Weighted-average discount rate

 

6.8

%

 

 

6.7

%

The following table presents future lease payments under operating leases as of September 30, 2022 (in thousands):

 

 

 

Operating Leases

 

 

 

Lease Payments

 

 

Sublease Income

 

 

Net

 

2022

 

$

1,308

 

 

$

(370

)

 

$

938

 

2023

 

 

4,059

 

 

 

(123

)

 

 

3,936

 

2024

 

 

3,853

 

 

 

 

 

 

3,853

 

2025

 

 

3,918

 

 

 

 

 

 

3,918

 

2026

 

 

4,019

 

 

 

 

 

 

4,019

 

Thereafter

 

 

1,815

 

 

 

 

 

 

1,815

 

Total lease payments

 

$

18,972

 

 

$

(493

)

 

$

18,479

 

Less: Imputed interest

 

 

(3,722

)

 

 

 

 

 

 

Present value of lease liabilities

 

 

15,250

 

 

 

 

 

 

 

Less: Current portion of lease liabilities

 

 

3,460

 

 

 

 

 

 

 

Lease liabilities, net of current portion

 

$

11,790