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Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Summary of Lease Costs Recognized and Other Information Pertaining to Operating Leases

The following table contains a summary of the lease costs recognized under ASU 2016-02 and other information pertaining to the Company’s operating leases for the years ended December 31, 2021, 2020 and 2019 (dollars in thousands):

 

 

 

Years ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Lease cost

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease cost

 

$

4,718

 

 

$

2,927

 

 

$

564

 

Variable lease cost

 

 

5,022

 

 

 

2,891

 

 

 

31

 

Short-term lease cost

 

 

65

 

 

 

49

 

 

 

88

 

 

 

$

9,805

 

 

$

5,867

 

 

$

683

 

Other information:

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease

   liabilities: Operating cash flows used in operating leases

 

$

4,736

 

 

$

1,844

 

 

$

574

 

Right of use assets obtained in exchange for new

   operating lease liabilities

 

$

314

 

 

$

15,846

 

 

$

457

 

Weighted average remaining lease term (in years)

 

3.1 years

 

 

4.0 years

 

 

0.9 years

 

Weighted average discount rate

 

 

4.86

%

 

 

4.85

%

 

 

5.01

%

Summary of Maturities of Operating Lease Liabilities

Pursuant to the terms of the Company’s non-cancelable lease agreements in effect at December 31, 2021, the following table summarizes the Company’s maturities of operating lease liabilities as of December 31, 2021 (in thousands):

 

 

 

December 31,

 

 

 

2021

 

Operating lease liabilities payment

 

 

 

 

2022

 

$

4,974

 

2023

 

 

4,322

 

2024

 

 

3,046

 

2025

 

 

815

 

Total lease payments

 

$

13,157

 

Less: imputed interest

 

 

(898

)

Present value of lease liability

 

$

12,259