Leases (Table)

9 Months Ended

Sep. 30, 2021

Leases [Abstract]

Schedule of operating lease liabilities maturity

Future payments associated with the Company’s operating lease liabilities as of September 30, 2021 are as follows (in thousands):

	Operating leases
Undiscounted lease payments for the year ending December 31,
Remainder of 2021	$	1,060
2022	4,202
2023	4,275
2024	4,355
2025	4,486
Thereafter	16,843
Total undiscounted lease payments	35,221
Less: implied interest	(5,796)
Less: tenant improvement allowances receivable	(1,426)
Present value of operating lease payments	27,999
Less: current portion	(2,909)
Total long-term operating lease liabilities	$	25,090

Schedule of supplemental cash flow information related to operating leases

The following information presents certain quantitative information related to our lease arrangements (in thousands):

	Nine months ended September 30, 2021
Right-of-use assets obtained in exchange for new operating lease liabilities - New leases	$	3,348
Right-of-use assets obtained in exchange for new operating lease liabilities - Modification of existing leases	$	8,320
Cash paid for amounts included in the measurement of lease liabilities	$	2,628

Schedule of additional information related to operating leases

The following summarizes additional information related to operating leases:

	September 30, 2021
Weighted-average remaining lease term (years)	7.76
Weighted-average discount rate	4.67	%