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Leases and Contingencies (Tables)
6 Months Ended
Jun. 30, 2022
Lessee Disclosure [Abstract]  
Summary of Maturities of Operating Lease Liabilities

As of June 30, 2022, operating lease assets were $21.5 million and operating lease liabilities were $25.5 million. The maturities of the Company’s operating lease liabilities as of June 30, 2022 were as follows:

 

 

 

Minimum Lease

 

Years Ending December 31:

 

Payments

 

2022 (July 1 – December 31)

 

$

2,472

 

2023

 

 

4,601

 

2024

 

 

4,545

 

2025

 

 

3,756

 

2026

 

 

3,754

 

Thereafter

 

 

9,930

 

Total future minimum lease payments

 

 

29,058

 

Less imputed interest

 

 

3,529

 

Total operating lease liabilities

 

$

25,529

 

 

Included in the Consolidated Balance Sheet:

 

 

 

Current operating lease liability

 

$

3,696

 

Non-current operating lease liability

 

 

21,833

 

Total operating lease liabilities

 

$

25,529

 

Summary of Lease Costs

For the three and six months ended June 30, 2022 and 2021, the total lease cost was comprised of the following amounts:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2022

 

2021

 

 

2022

 

2021

 

Operating lease expense

 

$

712

 

$

1,111

 

 

$

1,853

 

$

2,253

 

Short-term lease expense

 

 

2

 

 

66

 

 

 

11

 

 

142

 

Total lease expense

 

$

714

 

$

1,177

 

 

$

1,864

 

$

2,395

 

Lessee Operating Lease Term and Discount Rate

The following summarizes additional information related to operating leases:

 

 

As of

 

 

 

June 30, 2022

 

Weighted-average remaining lease term — operating leases

 

 

3.9

 

Weighted-average discount rate — operating leases

 

 

4

%