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Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2019
Commitments And Contingencies Disclosure [Abstract]  
Elements of Lease Expense

The elements of the lease expense were as follows (in thousands):

 

 

 

Three Months

Ended

September 30, 2019

 

 

Nine Months

Ended

September 30, 2019

 

Lease cost

 

 

 

 

 

 

 

 

Operating lease cost

 

$

443

 

 

$

1,329

 

Variable lease cost (1)

 

 

254

 

 

 

835

 

Total lease cost

 

$

697

 

 

$

2,164

 

 

 

 

 

 

 

 

 

 

Other information

 

 

 

 

 

 

 

 

Operating cash flows used for operating leases

 

$

2,240

 

 

 

 

 

Remaining lease term

 

3.58 years

 

 

 

 

 

Discount rate

 

 

6.25

%

 

 

 

 

 

(1)

The variable lease costs for the quarter ended September 30, 2019 include common area maintenance and other operating charges.

Summary of Future Minimum Payments under Operating Lease

The following table summarizes the future minimum payments due under the operating lease as of September 30, 2019 (in thousands):

 

Year Ending December 31,

 

 

 

 

2019

 

$

474

 

2020

 

 

1,933

 

2021

 

 

1,989

 

2022

 

 

2,046

 

2023

 

 

689

 

Total future minimum lease payments

 

 

7,131

 

Less: imputed interest

 

 

719

 

Total operating lease liability

 

$

6,412

 

Included in the consolidated balance sheet:

 

 

 

 

Current operating lease liability

 

$

1,581

 

Operating lease liability, net of current portion

 

 

4,831

 

Total operating lease liability

 

$

6,412

 

Summary of Future Minimum Lease Payments Due under Operating Lease

As previously disclosed in our 2018 Annual Report on Form 10-K, future minimum lease payments under the operating lease as of December 31, 2018 were as follows (in thousands):

 

Year Ending December 31,

 

 

 

 

2019

 

$

1,878

 

2020

 

 

1,933

 

2021

 

 

1,989

 

2022

 

 

2,046

 

2023

 

 

689

 

 

 

$

8,535