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Leases (Tables)
3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Summary of Lease Costs and Company's Operating Leases

The following table contains a summary of the lease costs recognized under ASC 842 and other information pertaining to the Company’s operating leases for the three months ended March 31, 2022 and 2021:

 

 

 

Three Months Ended
March 31,

 

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Lease cost

 

 

 

 

 

 

Operating lease cost

 

$

1,689

 

 

$

1,515

 

Variable lease cost

 

 

491

 

 

 

480

 

Total lease cost

 

$

2,180

 

 

$

1,995

 

 

 

 

 

 

 

 

Other information

 

 

 

 

 

 

Operating cash flows used for operating leases

 

$

1,627

 

 

$

1,605

 

Weighted average remaining lease term

 

3.9 years

 

 

4.7 years

 

Weighted average discount rate

 

 

9.74

%

 

 

9.81

%

Schedule of Future Minimum Lease Payments Under Non-Cancelable Operating Leases

Future minimum lease payments under the Company’s non-cancelable operating leases as of March 31, 2022, are as follows:

 

 

 

 

 

 

 

(In thousands)

 

2022

 

$

4,950

 

2023

 

 

7,517

 

2024

 

 

7,322

 

2025

 

 

3,057

 

Thereafter

 

 

3,909

 

Total lease payments

 

$

26,755

 

Less: imputed interest

 

 

(4,811

)

Total operating lease liabilities at March 31, 2022

 

$

21,944