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Leases (Tables)
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Summary of Lease Expense

The elements of lease expense were as follows:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(in thousands)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Operating lease cost

 

$

1,592

 

 

$

757

 

 

$

2,512

 

 

$

1,504

 

Short-term lease cost

 

 

 

 

 

 

 

 

 

 

 

52

 

Variable lease cost

 

 

301

 

 

 

312

 

 

 

642

 

 

 

434

 

Total lease cost

 

$

1,893

 

 

$

1,069

 

 

$

3,154

 

 

$

1,990

 

 

Summary of Amounts Reported in Condensed Consolidated Balance Sheets and Weighted-average Lease Term and Discount rate Information

Amounts reported in the condensed consolidated balance sheets and the weighted-average lease term and discount rate information were as follows:

(in thousands except weighted-average amounts)

 

June 30, 2022

 

 

December 31, 2021

 

Assets

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

46,142

 

 

$

15,670

 

Liabilities

 

 

 

 

 

 

Operating lease liabilities, current

 

$

4,429

 

 

$

1,839

 

Operating lease liabilities, non-current

 

 

37,379

 

 

 

16,174

 

Total lease liabilities

 

$

41,808

 

 

$

18,013

 

Weighted Average Lease Term and Discount Rate

 

 

 

 

 

 

Weighted-average remaining lease term (years)

 

8.2

 

 

8.64

 

Weighted-average discount rate

 

 

8.2

%

 

 

9.4

%

Summary of Other Lease Activity

The following table represents other lease activity:

 

 

Six Months Ended June 30,

 

(in thousands)

 

2022

 

 

2021

 

Other Information

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

Operating cash flows for operating leases

 

$

8,522

 

 

$

1,141

 

Right-of-use assets obtained in exchange for lease obligations

 

$

31,904

 

 

$

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