XML 42 R28.htm IDEA: XBRL DOCUMENT v3.20.2
Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2020
Commitments And Contingencies Disclosure [Abstract]  
Summary of Lease Costs and Additional Information Related to Operating Leases

The following table contains a summary of the lease costs recognized under ASC 842 and additional information related to operating leases for the three and nine months ended September 30, 2020:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

(in thousands)

 

September 30, 2020

 

 

September 30, 2020

 

Operating lease cost

 

$

1,151

 

 

$

3,432

 

Short-term lease cost

 

 

118

 

 

 

435

 

Variable lease cost

 

 

460

 

 

 

1,700

 

Total least cost

 

$

1,729

 

 

$

5,567

 

 

 

 

 

 

 

 

 

 

Other Information

 

 

 

 

 

 

 

 

Weighted average remaining lease term (in years)

 

 

 

 

 

4.3 years

 

Weighted average incremental borrowing rate

 

 

 

 

 

 

7.7

%

Schedule of Maturities of Operating Lease Liabilities

The maturity of the Company’s operating lease liabilities as of September 30, 2020 was as follows (in thousands):

 

 

 

Amounts

 

2020 (excluding the nine months ended September 30, 2020)

 

$

1,155

 

2021

 

 

4,472

 

2022

 

 

4,219

 

2023

 

 

4,271

 

2024

 

 

3,007

 

Thereafter

 

 

1,095

 

Total lease payments

 

 

18,219

 

Less: imputed interest

 

 

(2,668

)

Present value of operating lease liabilities

 

$

15,551

 

Schedule of Operating Lease Amounts Recorded in Condensed Consolidated Balance Sheet

 

The following amounts were recorded in the condensed consolidated balance sheet as of September 30, 2020 (in thousands):

 

Operating Leases

 

 

 

 

Operating right-of-use assets

 

$

14,762

 

 

 

 

 

 

Accrued and other liabilities

 

$

3,459

 

Operating lease liabilities, noncurrent

 

 

12,092

 

Total operating lease liabilities

 

$

15,551