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Leases (Tables)
3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Components of Lease Expense

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 March 31,

 

 

2022

 

 

2021

 

Operating lease costs(a)

 

 

 

 

 

 

 

Single lease costs

$

1,047

 

 

$

1,038

 

Variable lease costs

 

527

 

 

 

457

 

Sublease income(b)

 

(494

)

 

 

(475

)

Total operating lease costs

$

1,080

 

 

$

1,020

 

(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.

 

 

Supplemental Cash Flow Information Related to Operating Leases

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

 

Three Months Ended March 31,

 

 

2022

 

 

2021

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

 

Operating cash flows used

$

1,264

 

 

$

1,222

 

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

 

 

 

 

 

 

 

Operating leases

$

 

 

$

698

 

 

Schedule of Weighted-Average Remaining Lease Terms and Weighted-Average Discount Rate Related to Operating Leases

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

 

March 31, 2022

 

 

December 31, 2021

 

Weighted-average remaining lease term (years)

 

4.3

 

 

 

4.4

 

Weighted-average discount rate

 

6.8

%

 

 

6.7

%

Schedule of Future Lease Payments under Operating Leases

The following table presents future lease payments under operating leases as of March 31, 2022 (in thousands):

 

 

Operating Leases

 

 

 

Lease Payments

 

 

Sublease Income

 

 

Net

 

2022

 

$

3,763

 

 

$

(1,098

)

 

$

2,665

 

2023

 

 

3,528

 

 

 

(123

)

 

 

3,405

 

2024

 

 

3,219

 

 

 

 

 

 

3,219

 

2025

 

 

3,315

 

 

 

 

 

 

3,315

 

2026

 

 

3,414

 

 

 

 

 

 

3,414

 

Thereafter

 

 

 

 

 

 

 

 

 

Total lease payments

 

$

17,239

 

 

$

(1,221

)

 

$

16,018

 

Less: Imputed interest

 

 

(2,170

)

 

 

 

 

 

 

 

 

Present value of lease liabilities

 

 

15,069

 

 

 

 

 

 

 

 

 

Less: Current portion of lease liabilities

 

 

3,967

 

 

 

 

 

 

 

 

 

Lease liabilities, net of current portion

 

$

11,102