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Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Summary of Lease Costs and Supplemental Cash Flow Information of Operating Leases The following table summarizes the Company’s lease costs and supplemental cash flow information related to its operating leases (in thousands):

 

 

 

Years Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Operating lease cost

 

$

9,729

 

 

$

5,246

 

 

$

3,040

 

Variable lease cost

 

 

2,348

 

 

 

1,104

 

 

 

666

 

Total lease cost

 

$

12,077

 

 

$

6,350

 

 

$

3,706

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid (received) for amounts included in

   operating lease liabilities

 

$

(6,765

)

 

$

(678

)

 

$

2,724

 

Right-of-use assets acquired through operating

   lease liabilities

 

$

1,955

 

 

$

56,956

 

 

$

5,114

 

 

Weighted-Average Remaining Lease Term and Weighted-Average Discount Rate of Operating Leases

The weighted-average remaining lease term and weighted-average discount rate of the Company’s operating leases were as follows:

 

 

 

As of December 31,

 

 

 

2021

 

 

2020

 

Weighted-average remaining lease term (years)

 

 

13.2

 

 

 

13.7

 

Weighted-average discount rate

 

 

5.6

%

 

 

5.6

%

Reconciliation of Undiscounted Future Minimum Lease Payments Remaining Operating Leases

 

The following table presents a reconciliation of the undiscounted future minimum lease payments remaining under the Company’s operating leases to the amounts reported as operating lease liabilities on the consolidated balance sheet as of December 31, 2021 (in thousands):

 

 

 

 

 

As of

 

 

 

 

 

December 31, 2021

 

Undiscounted future minimum lease payments:

 

 

 

 

 

 

2022

 

 

 

$

6,556

 

2023

 

 

 

 

9,163

 

2024

 

 

 

 

10,224

 

2025

 

 

 

 

10,383

 

2026

 

 

 

 

10,388

 

Thereafter

 

 

 

 

83,050

 

Total undiscounted future minimum lease payments

 

 

 

$

129,764

 

Amount representing imputed interest

 

 

 

 

(41,619

)

Tenant improvement allowance not yet received

 

 

 

 

(1,464

)

Total operating lease liabilities

 

 

 

 

86,681

 

Current portion of operating lease liabilities

 

 

 

 

(1,752

)

Operating lease liabilities, non-current

 

 

 

$

84,929