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Commitments (Tables)
6 Months Ended
Jun. 30, 2020
Commitments And Contingencies Disclosure [Abstract]  
Schedule of Balance Sheet Classification of the Company's Operating Lease Assets and Liabilities

The balance sheet classification of the Company’s operating lease assets and liabilities was as follows (in thousands):

 

 

 

 

June 30,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Balance Sheet

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

28,087

 

 

$

1,704

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

Operating lease liabilities:

 

 

 

 

 

 

 

 

Accrued and other current liabilities (1)

 

$

1,378

 

 

$

1,503

 

Non-current lease liabilities

 

 

27,446

 

 

 

566

 

 

(1)

Includes current portion of operating lease liabilities as of June 30, 2020 and December 31, 2019. 

Schedule of Operating Expenses in the Company's Condensed Consolidated Statements of Operations

The component of lease costs, which was included in operating expenses in the Company’s Condensed Consolidated Statements of Operations, was as follows (in thousands):

 

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Operating lease cost

 

$

811

 

 

$

324

 

 

$

1,162

 

 

$

592

 

 

Schedule of Future Minimum Lease Payments Under all Noncancelable Operating Leases

Future minimum lease payments under all noncancelable operating leases as of June 30, 2020 are as follows (in thousands):

 

 

 

Operating leases

 

Year ending December 31:

 

 

 

 

Remaining of fiscal year 2020

 

$

869

 

2021

 

 

4,920

 

2022

 

 

7,316

 

2023

 

 

7,516

 

2024

 

 

7,721

 

Thereafter

 

 

52,518

 

Total minimum payments

 

 

80,860

 

Less: interest

 

 

(32,614

)

Less: future tenant improvement reimbursements

 

 

(19,422

)

Present value of lease liabilities

 

$

28,824