XML 44 R27.htm IDEA: XBRL DOCUMENT v3.22.0.1
Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Schedule of Lease Cost
The Company’s lease costs recorded in the consolidated statements of operations were as follows (in thousands):

Year Ended December 31,
202120202019
Operating lease cost$8,627 $7,514 $4,542 
Short-term lease cost90 219 165 
Total lease cost$8,717 $7,733 $4,707 
The weighted-average remaining lease term and weighted-average discount rate for operating leases were as follows:
December 31, 2021December 31, 2020
Weighted-average remaining lease term (in years)5.03.7
Weighted-average discount rate used to determine operating lease liabilities5.6 %5.9 %
Schedule of Future Minimum Payments Under Non-cancellable Operating Leases
Maturities of operating lease liabilities at December 31, 2021 were as follows (in thousands):
Years Ending December 31,
2022$9,281 
20236,949 
20245,744 
20255,825 
20265,531 
Thereafter5,144 
Total undiscounted lease payments38,474 
Less: amount representing interest(5,273)
Present value of operating lease liabilities33,201 
Less: current portion of operating lease liabilities(9,279)
Operating lease liabilities - long-term$23,922 
Future minimum payments for monthly base rent due under the respective High Bluff Lease and Tech Center Lease terms, are currently estimated to be as follows (in thousands), subject to a number of factors, including the actual Commencement Date of the lease:

Years Ending December 31,
High Bluff Lease(1)
Tech Center Lease(2)
Total
2022$1,029 $— $1,029 
20231,594 6,453 8,047 
2024403 11,313 11,716 
2025— 12,694 12,694 
2026— 15,181 15,181 
2027 through 2035— 145,583 145,583 
Total$3,026 $191,224 $194,250 
(1) The Company currently estimates that the Commencement Date will occur in the second quarter of 2022, at which time the operating lease right-of-use assets and liabilities will be recorded.
(2) The Company currently estimates that the Phase I Commencement Date will occur in the first quarter of 2022, and the Phase II Commencement Date will occur in the first quarter of 2025, at which time the respective operating lease right-of-use assets and liabilities will be recorded.