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Leases (Tables)
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Summary of lease costs
The elements of lease costs were as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Lease cost:
Operating lease cost$2,507 $638 $5,015 $1,275 
Variable lease cost624 127 972 368 
Sublease income(212)— (212)— 
Total lease cost$2,919 $765 $5,775 $1,643 
Summary of lease term and discount rate
The following table summarizes the lease term and discount rate applied in arriving at the lease liability:
June 30,
2022
December 31,
2021
Remaining lease term9.6 years10.2 years
Discount rate5.3 %5.2 %
Summary of future lease payments under non-cancelable lease
Future lease payments under non-cancelable leases as of June 30, 2022 for each of the years ending December 31 are as follows (in thousands):
Undiscounted lease payments:
Remaining 2022$4,175 
20238,571 
20248,828 
20259,093 
20269,366 
Thereafter61,759 
Total undiscounted lease payments101,792 
Less: imputed interest(23,955)
Less: tenant improvement allowance(2,642)
Total operating lease liability$75,195