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Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2020
Accounting Policies [Abstract]  
Reconciliation of Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash to amounts shown in the condensed consolidated statements of cash flows:

 

 

 

June 30,

 

 

 

2020

 

 

2019

 

 

 

(in thousands)

 

Cash and cash equivalents

 

$

167,636

 

 

$

115,566

 

Restricted cash

 

 

1,274

 

 

 

1,274

 

Total cash, cash equivalents and restricted cash

 

$

168,910

 

 

$

116,840

 

 
Impact of Adoption of Previously Reported Amounts of Financial Statement

 

 

January 1, 2020

(in thousands)

 

 

 

Prior to adoption

of new leasing

standards

 

 

Adjustment for

adoption

of new leasing

standards

 

 

As Adjusted

 

Right-of-use assets (1)(2)

 

$

—

 

 

$

6,835

 

 

$

6,835

 

Deferred rent (2)

 

$

1,313

 

 

$

(1,313

)

 

$

—

 

Deferred rent, net of current portion (2)

 

$

9,544

 

 

$

(9,544

)

 

$

—

 

Operating lease liabilities (3)

 

$

—

 

 

$

2,251

 

 

$

2,251

 

Operating lease liabilities, net of current portion (3)

 

$

—

 

 

$

15,441

 

 

$

15,441

 

 

 

(1)

Represents capitalization of operating right-of-use assets

 

(2)

Represents reclassification of deferred rent and incentives as a reduction to operating right-of-use assets

 

(3)

Represents recognition of operating lease liabilities