Leases (Tables)

9 Months Ended

Sep. 30, 2021

Leases [Abstract]

Lease, Cost

The components of lease costs were as follows (in thousands):

	Years Ended December 31,
	2020		2019
Operating lease cost	$	6,278	$	3,185
Short-term lease cost	495		157
Variable lease cost	452		636
Total	$	7,225	$	3,978

Other information related to the Company’s operating leases was as follows (in thousands):

	Years Ended December 31,
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	5,624	$	149
ROU assets obtained in exchange for lease obligations:
Operating leases	$	39,664	$	984

Lease terms and discount rates for operating leases were as follows:

	As of December 31,
	2020		2019
Weighted average remaining lease term (years)	8.2		1.0
Weighted average discount rate	5.3	%	3.5	%

The components of lease costs were as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Operating lease cost	$	2,469	$	2,565	$	7,376	$	4,261
Short-term lease cost	108		56		253		360
Variable lease cost	118		84		248		376
Total	$	2,695	$	2,705	$	7,877	$	4,997

Other information related to the Company’s operating leases was as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	2,474	$	2,003	$	6,585	$	3,720
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	—	$	—	$	28,252	$	39,664

Lease terms and discount rates for operating leases were as follows:

	As of September 30,		As of December 31,
	2021		2020
Weighted average remaining lease term (years)	7.6		8.2
Weighted average discount rate	4.5	%	5.3	%

Lessee, Operating Lease, Liability, Maturity

As of December 31, 2020, future minimum lease payments under operating leases were as follows (in thousands):

Years Ending December 31,	Amount
2021	$	5,321
2022	5,439
2023	5,602
2024	5,770
2025	5,943
Thereafter	21,118
Total lease payments	49,193
Less: imputed interest	(9,591)
Present value of lease liabilities	39,602
Less: current operating lease liabilities	(3,348)
Long-term operating lease liabilities	$	36,254

As of September 30, 2021, future minimum lease payments under operating leases were as follows (in thousands):

Years Ending December 31,	Amount
2021 (remaining three months)	$	2,474
2022	10,045
2023	10,347
2024	10,657
2025	10,977
Thereafter	39,003
Total lease payments	83,503
Less: imputed interest	(13,077)
Present value of lease liabilities	70,426
Less: current operating lease liabilities	(6,978)
Long-term operating lease liabilities	$	63,448