Leases (Tables)

6 Months Ended

Jun. 30, 2021

Leases [Abstract]

Summary of balances as it related to leases

The following table summarizes the balances as it relates to leases at the end of the period (in thousands):

	(*)	June 30, 2021
ROU Asset	Other assets	$	10,537
Lease liability, current portion	Other current liabilities	$	6,379
Lease liability, long-term portion	Other long-term liabilities	4,227
Total lease liability		$	10,606

(*) Location on the condensed consolidated balance sheet

Schedule of operating lease expenses

The details of the Company’s operating leases are as follows (in thousands):

	Three Months Ended
	June 30, 2021
Operating lease expense	$	1,651
Variable lease expense	91
Short-term lease expense	—
Total lease expense	$	1,742

The Company’s weighted-average remaining lease-term and weighted-average discount rate are as follows (in thousands):

	Three Months Ended
	June 30, 2021
Weighted average remaining lease-term	2.0 years
Weighted average discount rate	5	%

Supplemental cash flow and other information related to operating leases are as follows:

	Three Months Ended
	June 30, 2021
Operating cash flows from operating leases	$	1,465
Non cash investing activities:
Lease liabilities arising from obtaining right-of-use assets as of January 1, 2021	$	13,464

Schedule of operating lease liability maturity

The following table presents the maturities of lease liabilities as of June 30, 2021 (in thousands):

Fiscal year ending June 30,	Operating Leases
2021	$	3,333
2022	6,071
2023	896
2024	794
2025	19
Thereafter	—
Total lease payments	11,113
Less: Imputed lease interest	(507)
Total lease liabilities	$	10,606

The following table represents future minimum lease obligations under non-cancelable operating leases as of December 31, 2020 (in thousands):

Fiscal year ending December 31,	Operating Leases
2021	$	6,663
2022	6,073
2023	893
2024	791
2025	15
Thereafter	—
Total	$	14,435