Leases

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Leases

LEASESAll of our leases are operating leases and each contain customary rent escalation clauses. Certain of the leases have both lease and non-lease components. We have elected to account for each separate lease component and the non-lease components associated with that lease component as a single lease component for all classes of underlying assets.

The following table provides additional details of our facility leases presented in our condensed balance sheets as of March 31, 2022 and December 31, 2021 (dollars in thousands):

Facilities	March 31, 2022			December 31, 2021
Right-of-use assets	$	11,910		$	12,752
Current portion of lease liabilities	3,592			3,492
Operating lease liability, net of current portion	8,812			9,748
Total	$	12,404		$	13,240
Weighted-average remaining life (years)	3.2			3.4
Weighted-average discount rate	6.9		%	6.9		%

Lease costs, which are included in operating expenses in our statements of operations, were as follows (in thousands):

	Three Months Ended March 31,
	2022		2021
Operating lease expense	$	1,064	$	673
Cash paid for operating lease	$	1,058	$	1,565

The following table summarizes our undiscounted cash payment obligations for our operating lease liabilities as of March 31, 2022 (in thousands):

Remainder of 2022	$	3,234
2023	4,440
2024	4,589
2025	1,321
2026	252
Total undiscounted operating lease payments	13,836
Imputed interest expenses	(1,432)
Total operating lease liabilities	12,404
Less: Current portion of operating lease liability	(3,592)
Operating lease liability, net of current portion	$	8,812