The Company leases real estate property under operating leases. 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 Company signed an amendment to its Santa Clara office space lease where the lessor paid 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 remaining lease terms vary from a few months to 6 years. For certain of 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 comprised of common area maintenance and utility charges.

As of March 31, 2021, the Company did not have any leases that had not yet commenced.

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

	As of
	March 31, 2021			December 31, 2020
	(in thousands)
Right-of-use assets	$	8,730		$	8,892
Lease liabilities included in accrued expenses and other current liabilities		1,035			1,264
Lease liabilities - non-current		7,067			6,986
Total operating lease liabilities	$	8,102		$	8,250
Weighted-average remaining lease term (years)		5.7			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 three months ended March 31, 2021 and 2020:

	Three Months Ended March 31,
	2021		2020
	(in thousands)
Operating lease cost	$	315	$	417
Short-term lease cost		78		86
Variable lease cost		83		100
Total lease cost	$	476	$	603

Cash paid for operating lease liabilities was $0.4 million and $1.2 million, respectively for the three months ended March 31, 2021 and 2020.

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, 2021:

	(in thousands)
2021	$	803
2022		1,723
2023		1,583
2024		1,548
2025		1,580
2026 and beyond		2,016
Total minimum lease payments		9,253
Less: amount of lease payments representing interest		(1,151	)
Present value of future minimum lease payments		8,102
Less: current obligations under leases		(1,035	)
Long-term lease liabilities	$	7,067