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Leases (Tables)
6 Months Ended
Jun. 30, 2021
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 except weighted-average amounts)

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Operating lease cost

 

$

757

 

 

$

285

 

 

$

1,504

 

 

$

285

 

Short-term lease cost

 

 

 

 

 

88

 

 

 

52

 

 

 

241

 

Variable lease cost

 

 

312

 

 

 

41

 

 

 

434

 

 

 

89

 

Total lease cost

 

$

1,069

 

 

$

414

 

 

$

1,990

 

 

$

615

 

Summary of Weighted-Average Remaining Lease Term and Discount Rate

The following table represents the weighted-average remaining lease term and discount rate information:

 

(in thousands)

 

June 30, 2021

 

 

December 31, 2020

 

Other Information

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

 

 

Operating cash flows for operating leases

 

$

1,141

 

 

$

703

 

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

 

 

35

 

 

 

17,899

 

Weighted-average remaining lease term (years)

 

 

9.1

 

 

 

9.6

 

Weighted-average discount rate

 

 

9.4

%

 

 

9.4

%

Summary of Right-of-Use Assets and Lease Liabilities

Right-of-use lease assets and lease liabilities are reported in the Company’s condensed consolidated balance sheets as follows:

 

(in thousands)

 

June 30, 2021

 

 

December 31, 2020

 

Assets

 

 

 

 

 

 

 

 

Operating right-of-use assets

 

$

16,356

 

 

$

17,117

 

Liabilities

 

 

 

 

 

 

 

 

Operating lease liabilities, current

 

$

1,164

 

 

$

863

 

Operating lease liabilities, non-current

 

$

16,731

 

 

$

17,430

 

Total lease liabilities

 

$

17,895

 

 

$

18,293