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Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2020
Commitments And Contingencies Disclosure [Abstract]  
Schedule of Lease Costs and Cash Flow Transactions Arising From Lease Transactions

The Company recognized the following lease costs arising from lease transactions (in thousands):  

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Operating lease cost

 

$

781

 

 

$

782

 

 

$

2,344

 

 

$

2,085

 

 

The Company recognized the following cash flow transactions arising from lease transactions (in thousands):

 

 

 

Nine Months Ended September 30,

 

 

 

2020

 

 

2019

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

2,355

 

 

$

1,742

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

 

 

 

 

1,647

 

 

Schedule of Future Minimum Payments and Interest Expense for Operating Leases

At September 30, 2020, the future payments and interest expense for the operating leases are as follows (in thousands):

 

Year Ending December 31,

 

Future Payments

 

The remainder of 2020

 

$

792

 

2021

 

 

2,831

 

2022

 

 

2,497

 

2023

 

 

2,571

 

2024

 

 

2,604

 

2025

 

 

1,924

 

Total undiscounted cash flows

 

$

13,219

 

Less: imputed interest

 

 

(2,152

)

Present value of lease liabilities

 

$

11,067