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Leases (Tables)
9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Summary of Future Undiscounted Cash Inflows Under the Sublease

As of September 30, 2019, future undiscounted cash inflows under the sublease are as follows:

 

Year Ending December 31,

 

 

 

 

2019 (remaining 3 months)

 

$

307

 

2020

 

 

1,248

 

2021

 

 

633

 

 

 

$

2,188

 

 

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

September 30,

2019

 

Assets:

 

 

 

 

Operating lease assets

 

$

11,899

 

 

 

 

 

 

Liabilities:

 

 

 

 

Operating lease liabilities

 

$

4,335

 

Operating lease liabilities, net of current portion

 

 

16,844

 

Total operating lease liabilities

 

$

21,179

 

 

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

 

 

For the Nine

Months Ended

 

 

 

September 30,

2019

 

 

September 30,

2019

 

Operating lease costs

 

$

1,148

 

 

$

3,456

 

Short-term lease costs

 

 

330

 

 

 

1,547

 

Variable lease costs

 

 

716

 

 

 

2,302

 

Sublease income

 

 

(439

)

 

 

(439

)

Total lease costs

 

$

1,755

 

 

$

6,866

 

 

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

September 30,

2019

 

2019 (remaining 3 months)

 

$

1,578

 

2020

 

 

6,302

 

2021

 

 

6,461

 

2022

 

 

6,390

 

2023

 

 

5,158

 

2024 and thereafter

 

 

 

Total future minimum lease payments

 

$

25,889

 

Less: interest

 

 

(4,710

)

Present value of operating lease liabilities

 

$

21,179

 

 

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