The Company signed a non-cancellable operating lease agreement for its corporate headquarters in Santa Clara, California, that commenced on October 20, 2016 and will expire on December 31, 2026. In January 2021, the Company signed an amendment to its Santa Clara office space lease where the lessor provided the Company lease incentives of $0.4 million and extended the term of the lease by three months. The amendment was accounted as a single modified lease and the remaining payments were remeasured using an updated discount rate. The agreement provides for an option to renew for an additional 5 years and for monthly rent payments through the term of the lease.

The Company leases office space in Santa Clara, Michigan, Malaysia, Japan, Taiwan, the Netherlands, and Ukraine all under non-cancellable operating leases with various expiration dates through March 2027. The remaining lease terms vary from a few months to 6 years. For its leases the Company has options to extend the lease term for periods varying from one to five years. These renewal options are not considered in the remaining lease term unless it is reasonably certain that the Company will exercise such options. The Company also has variable lease payments that are primarily composed of common area maintenance and utility charges.

The table below presents the lease-related assets and liabilities recorded on the consolidated balance sheet as of December 31, 2021 and 2020:


	As of
	December 31, 2021			December 31, 2020
	(in thousands)
Right-of-use assets	$	8,194		$	8,892
Lease liabilities included in accrued expenses and other current liabilities		1,336			1,264
Lease liabilities - non-current		6,398			6,986
Total operating lease liabilities	$	7,734		$	8,250
Weighted-average remaining lease term (years)		5.0			5.9
Weighted-average discount rate		4.5	%		4.2	%

The table below presents certain information related to the lease costs for operating leases for the years ended December 31, 2021, 2020, and 2019:


	Year Ended December 31
	2021		2020		2019
	(in thousands)
Operating lease cost	$	1,761	$	1,696	$	1,419
Short-term lease cost		579		356		313
Variable lease cost		599		332		494
Total lease cost	$	2,939	$	2,384	$	2,226

Cash paid for operating lease liabilities was $1.7 million, $2.3 million, and $3.9 million for the years ended December 31, 2021, 2020, and 2019 respectively. The Company sub-leased a portion of its Santa Clara facility through March 31, 2019 and received $0.1 million in sub-lease income for the year ended December 31, 2019, which was included in the short-term lease cost above.

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the operating lease liabilities recorded on the consolidated balance sheet as of December 31, 2021:


	(in thousands)
2022	$	1,633
2023		1,737
2024		1,698
2025		1,580
2026		1,622
2027 and beyond		416
Total minimum lease payments		8,686
Less: amount of lease payments representing interest		(952	)
Present value of future minimum lease payments		7,734
Less: current obligations under leases		(1,336	)
Long-term lease liabilities	$	6,398

During the three months ended December 2021, the Company entered into three operating leases that commence in 2022 with 2 to 5.3 year terms, for which the Company expects to record Right-of Use Asset of approximately $3.0 million and a Lease Liability of approximately $3.0 million at the commencement of these leases.