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Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Summary of Operating Lease Assets and Liabilities The following table summarizes the presentation in the Company’s condensed consolidated balance sheets of its operating leases:

 

 

As of March 31, 2019

 

Assets:

 

 

 

 

Operating lease assets

 

$

13,202

 

 

 

 

 

 

Liabilities:

 

 

 

 

Operating lease liabilities

 

$

4,407

 

Operating lease liabilities, net of current portion

 

 

19,066

 

Total operating lease liabilities

 

$

23,473

 

 

Summary of Lease Costs

The following table summarizes the effect of lease costs in the Company’s condensed consolidated statement of operations and comprehensive loss:

 

 

 

For the Three Months Ended

 

 

 

March 31, 2019

 

Operating lease costs

 

$

1,154

 

Short-term lease costs

 

 

648

 

Variable lease costs

 

 

726

 

Total lease costs

 

$

2,528

 

 

Schedule of Minimum Lease Payments The minimum lease payments for the next five years and thereafter is expected to be as follows (in thousands):

 

 

As of March 31, 2019

 

2019 (remaining 9 months)

 

$

4,951

 

2020

 

 

6,382

 

2021

 

 

6,461

 

2022

 

 

6,390

 

2023

 

 

5,158

 

2024 and thereafter

 

 

 

Total future minimum lease payments

 

$

29,342

 

Less: interest

 

 

(5,869

)

Present value of operating lease liabilities

 

$

23,473

 

 

Summary of Future Minimum Lease Payments Under Operating Leases

The future minimum lease payments under the Company’s operating leases as of December 31, 2018, were as follows (in thousands):

 

 

 

As of December 31, 2018

 

2019

 

$

6,342

 

2020

 

 

6,120

 

2021

 

 

6,221

 

2022

 

 

6,372

 

2023

 

 

5,158

 

2024 and thereafter

 

 

 

Total future minimum lease payments

 

$

30,213