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Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Summary of Lease Assets and Liabilities

The following table summarizes the lease assets and liabilities as of December 31, 2019 (in thousands):

 

 

 

As of December 31, 2019

 

Assets

 

 

 

 

Operating lease assets

 

$

41,502

 

Total lease assets

 

 

41,502

 

Liabilities

 

 

 

 

Current

 

 

 

 

Operating lease liabilities

 

 

8,489

 

Non-current

 

 

 

 

Operating lease liabilities, net of current portion

 

 

44,050

 

Total lease liabilities

 

$

52,539

 

Summary of Operating Lease Costs Included in Research and Development and General and Administrative Expense, as well as Sublease Income

The following table summarizes operating lease costs included in research and development and general and administrative expense, as well as sublease income for the twelve months ended December 31, 2019 (in thousands):

 

 

 

Twelve Months Ended

December 31, 2019

 

Operating lease costs

 

$

8,067

 

Short-term lease costs

 

 

4,554

 

Variable lease costs

 

 

4,282

 

Sublease income

 

 

(525

)

Net lease cost

 

$

16,378

 

Summary of Maturity of Undiscounted Payments Due under Lease Liabilities and Present Value of Those Liabilities

 

The following table summarizes the maturity of undiscounted payments due under lease liabilities and the present value of those liabilities as of December 31, 2019 (in thousands):

 

 

 

Total

 

2020

 

$

13,963

 

2021

 

 

11,824

 

2022

 

 

10,167

 

2023

 

 

10,269

 

2024

 

 

8,308

 

Thereafter

 

 

15,678

 

Total

 

$

70,209

 

Present value adjustment

 

 

(17,670

)

Present value of lease liabilities

 

$

52,539

 

Summary of Lease Term and Discount Rate

 

The following table summarizes the lease term and discount rate as of December 31, 2019:

 

 

 

As of December 31, 2019

 

Weighted-average remaining lease term (years)

 

 

 

 

Operating leases

 

 

6.0

 

Weighted-average discount rate

 

 

 

 

Operating leases

 

 

9.9

%

Lessee, Operating Lease Cash Flow Payments

 

The following table summarizes the cash paid for amounts included in the measurement of lease liabilities for the twelve months ended December 31, 2019 (in thousands):

 

 

 

Twelve Months Ended

December 31, 2019

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

8,420

 

Operating cash flows from operating leases

 

$

8,420