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Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2023
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

 

Use

 

Approximate

Square Footage

 

Commencement Dates

 

Expiration Dates

Seattle, WA

 

Office/Laboratory

 

48,000

 

March 2019 to September 2020

 

December 2026 to April 2028

Cambridge, MA

 

Office/Laboratory

 

60,000

 

March 2019 to January 2022

 

November 2025 to February 2028

South San Francisco, CA

 

Office/Laboratory

 

100,000

 

December 2019 to April 2022

 

April 2024 to April 2030

Fremont, CA

 

Industrial

 

163,000

 

July 2021

 

November 2031

Rochester, NY

 

Office/Laboratory

 

3,000

 

January 2022

 

January 2025

Bothell, WA

 

Office/Laboratory/Industrial

 

80,000

 

January 2023

 

January 2039

Summary of Lease Costs

The following table summarizes the Company’s lease costs:

 

 

 

Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

 

(in thousands)

 

Operating lease cost

 

$

7,061

 

 

$

5,480

 

Variable lease cost

 

 

1,982

 

 

 

1,489

 

Total lease cost

 

$

9,043

 

 

$

6,969

 

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, 2023 (in thousands):

 

2023 (remaining 9 months)

 

$

17,296

 

2024

 

 

28,021

 

2025

 

 

28,109

 

2026

 

 

25,268

 

2027

 

 

22,779

 

2028 and thereafter

 

 

120,859

 

Total undiscounted lease payments

 

 

242,332

 

Less: imputed interest

 

 

(106,625

)

Less: tenant improvement allowances

 

 

(21,208

)

Present value of operating lease liabilities

 

 

114,499

 

Less: current portion of operating lease liabilities

 

 

(12,892

)

Operating lease liabilities, net of current portion

 

$

101,607