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Leases (Tables)
9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Components of Lease Costs

The components of the lease costs for the three and nine months ended September 30, 2020 and 2019 were as follows (in thousands):

 

 

 

Three Months Ended

September 30, 2020

 

 

Nine Months Ended

September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Operating lease costs

 

$

606

 

 

$

247

 

 

$

2,195

 

 

$

674

 

Financing lease costs:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of right-to-use assets, financing leases

 

 

183

 

 

 

80

 

 

 

539

 

 

 

239

 

Interest expense for financing lease liabilities

 

 

29

 

 

 

4

 

 

 

94

 

 

 

16

 

Variable lease costs

 

 

216

 

 

 

103

 

 

 

431

 

 

 

286

 

Total lease costs

 

$

1,034

 

 

$

434

 

 

$

3,259

 

 

$

1,215

 

Supplemental Cash Flow Information Relating to Leases

Supplemental cash flow information relating to the Company’s leases for the nine months ended September 2020 and 2019 was as follows (in thousands):

 

 

 

Nine Months Ended

September 30,

 

 

 

2020

 

 

2019

 

Cash paid for amounts included in the measurement of

   lease liabilities:

 

 

 

 

 

 

 

 

Operating cash flows used in (provided by) operating

   leases

 

$

(3,793

)

 

$

607

 

Operating cash flows used in finance leases

 

$

437

 

 

$

253

 

Financing cash flows used in finance leases

 

$

94

 

 

$

16

 

Summary of Weighted Average Remaining Lease Terms and Discount Rates

 

Weighted average remaining lease terms and discount rates as of September 30, 2020 and December 31, 2019 were as follows:

 

 

 

September 30,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Remaining lease term:

 

 

 

 

 

 

 

 

Operating lease

 

9.59 Years

 

 

9.7 Years

 

Financing lease

 

2.99 Years

 

 

3.7 Years

 

Discount Rate:

 

 

 

 

 

 

 

 

Operating lease

 

 

10.5

%

 

 

10.3

%

Financing lease

 

 

8.1

%

 

 

7.8

%

Summary of Undiscounted Future Lease Payments for Operating and Finance Leases

The undiscounted future lease payments for operating and finance leases as of September 30, 2020, were as follows (in thousands):

 

Fiscal Year

 

Operating

Leases

 

 

Financing

Leases

 

2020 (excluding the nine months ended September 30,

   2020)

 

$

797

 

 

$

178

 

2021

 

 

2,691

 

 

 

712

 

2022

 

 

2,581

 

 

 

459

 

2023

 

 

2,659

 

 

 

245

 

2024

 

 

2,732

 

 

 

 

Thereafter

 

 

15,739

 

 

 

 

Total minimum lease payments

 

 

27,199

 

 

 

1,594

 

Less amounts representing interest or imputed interest

 

 

(10,139

)

 

 

(150

)

Present value of lease liabilities

 

$

17,060

 

 

$

1,444