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Leases (Tables)
3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Summary of Operating Lease Assets and Liabilities

The following table summarizes the presentation in the Company’s consolidated balance sheets of its operating leases:

 

 

March 31, 2022

 

 

December 31, 2021

 

Assets:

 

 

 

 

 

 

Operating lease assets

 

$

26,246

 

 

$

18,208

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

Operating lease liabilities

 

$

6,849

 

 

$

6,610

 

Operating lease liabilities, net of current portion

 

 

20,346

 

 

 

17,958

 

Total operating lease liabilities

 

$

27,195

 

 

$

24,568

 

Summary of Lease Costs The following table summarizes the effect of lease costs in the Company’s consolidated statement of operations and comprehensive (loss) income:

 

Three Months Ended
March 31,

 

 

2022

 

 

2021

 

Operating lease costs

$

1,672

 

 

$

1,040

 

Short-term lease costs

 

355

 

 

 

366

 

Variable lease costs

 

1,032

 

 

 

703

 

Sublease income

 

-

 

 

 

461

 

Total lease costs

$

3,059

 

 

$

2,570

 

 

Schedule of Future Payments of Operating Lease Liabilities

As of March 31, 2022, future payments of operating lease liabilities are as follows (in thousands):

 

 

As of
March 31, 2022

 

2022 (remaining 9 months)

 

 

5,637

 

2023

 

 

8,446

 

2024

 

 

3,387

 

2025

 

 

3,277

 

2026 and thereafter

 

 

16,199

 

Total future minimum lease payments

 

$

36,946

 

Less: interest

 

 

(9,751

)

Present value of operating lease liabilities

 

$

27,195