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Leases (Tables)
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Schedule of Maturities of Operating Lease Liabilities

The following table presents maturities of operating lease liabilities at December 31, 2020:

 

(in thousands)

 

 

 

 

Year Ending December 31,

 

 

 

 

2021 (1)

 

$

4,539

 

2022

 

 

5,343

 

2023

 

 

4,498

 

2024

 

 

4,583

 

2025

 

 

4,760

 

2026 and thereafter

 

 

27,796

 

Total operating lease payments

 

 

51,519

 

Less: Effects of discounting

 

 

(13,513

)

Present value of operating lease liabilities

 

$

38,006

 

Operating lease liabilities, current

 

$

4,539

 

Operating lease liabilities, net of current portion

 

$

33,467

 

(1) net of lease incentives of $1.6 million to be received over the next twelve months.