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Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2022
Commitments And Contingencies Disclosure [Abstract]  
Schedule of Additional Information Related to Operating Leases

The following table contains additional information related to the Company’s operating leases:

 

Location

 

Approximate

Square Footage

 

Commencement Dates

 

Expiration Dates

Seattle, WA

 

48,086

 

March 2019 to September 2020

 

December 2026 to April 2028

Cambridge, MA

 

59,639

 

March 2019 to May 2020

 

November 2025 to February 2028

South San Francisco, CA

 

66,075

 

December 2019 to November 2021

 

April 2024 to April 2030

Fremont, CA

 

163,193

 

July 2021

 

November 2031

Rochester, NY

 

3,309

 

January 2022

 

January 2025

Summary of Lease Costs

The following table summarizes the Company’s lease costs:

 

 

 

Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

 

(in thousands)

 

Operating lease cost

 

$

5,480

 

 

$

2,898

 

Short-term lease cost

 

 

-

 

 

 

512

 

Variable lease cost

 

 

1,489

 

 

 

1,087

 

Total lease cost

 

$

6,969

 

 

$

4,497

 

 

Reconciliation of Undiscounted Operating Lease Cash Flows by Fiscal Year to Present Value of Operating Lease Liabilities

The following table reconciles the Company’s undiscounted operating lease cash flows by fiscal year, to the present value of the operating lease liabilities as of March 31, 2022 (in thousands):

 

2022 (remaining 9 months)

 

 

14,964

 

2023

 

 

22,273

 

2024

 

 

21,387

 

2025

 

 

21,236

 

2026

 

 

18,199

 

2027 and thereafter

 

 

81,998

 

Total undiscounted lease payments

 

 

180,057

 

Less: imputed interest

 

 

(64,549

)

Less: tenant improvement allowances

 

 

(3,355

)

Present value of operating lease liabilities

 

$

112,153