Leases (Tables)

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Summary of Lease Related Assets and Liabilities

The table below presents the lease-related assets and liabilities recorded on the consolidated balance sheet as of March 31, 2022:

	As of
	March 31, 2022			December 31, 2021
	(in thousands)
Right-of-use assets	$	11,478		$	8,194
Lease liabilities included in accrued expenses and other current liabilities		2,109			1,336
Lease liabilities - non-current		8,941			6,398
Total operating lease liabilities	$	11,050		$	7,734
Weighted-average remaining lease term (years)		4.7			5.0
Weighted-average discount rate		4.4	%		4.5	%

Summary of Lease Costs

The table below presents certain information related to the lease costs for operating leases for the three months ended March 31, 2022 and 2021:

	Three Months Ended March 31,
	2022		2021
	(in thousands)
Operating lease cost	$	558	$	315
Short-term lease cost		534		78
Variable lease cost		94		83
Total lease cost	$	1,186	$	476

Summary of Undiscounted Cash Flows

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 March 31, 2022:

	(in thousands)
Remainder of 2022	$	1,879
2023		2,655
2024		2,595
2025		2,479
2026		2,062
2027 and beyond		584
Total minimum lease payments		12,254
Less: amount of lease payments representing interest		(1,204	)
Present value of future minimum lease payments		11,050
Less: current obligations under leases		(2,109	)
Long-term lease liabilities	$	8,941