Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

Components of Operating Lease Expense and Supplemental Cash Flow Information

The following table presents the components of operating lease expense, as well as supplemental cash flow information, related to the Company’s leases:

	For the Three Months Ended June 30,		For the Six Months Ended June 30,
	2022
	(in thousands)
Operating lease expense1	$	896	$	1,587
Supplemental cash flow information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	342	$	816
Right-of-use assets obtained in exchange for lease obligations	$	23,691	$	46,885

1.Amounts have not been reduced by sublease income of $0.1 million and $0.2 million, respectively, recognized during the three and six months ended June 30, 2022.

Information Regarding Operating Leases

The following table presents information regarding the Company’s operating leases:

	As of
	June 30, 2022
	(in thousands)
Operating lease right-of-use assets	$	55,311
Operating lease liabilities	$	65,396
Weighted-average remaining lease term (in years)		14.2
Weighted-average discount rate		3.7	%

Maturities of Lease Liabilities

The maturities of lease liabilities are as follows (in thousands):

Year Ending December 31,	Operating Leases
2022 (excluding the six months ended June 30, 2022)	$	1,496
2023		4,139
2024		5,087
2025		5,087
2026		3,885
2027 and thereafter		66,889
Total undiscounted lease payments	$	86,583
Less discount		(21,187	)
Total lease liabilities	$	65,396