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Leases (Tables)
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Summary of components of lease expense and other lease information

The components of lease expense and other lease information as of and during the three-month period ended March 31, 2020 and 2019 were as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Three Months Ended

 

Three Months Ended

 

 

March 31, 

 

March 31, 

 

    

2020

    

 

2019

    

 

 

 

 

 

 

 

 

 

Operating lease cost

 

$

790

 

 

$

540

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

 

 

   Operating cash flows from operating leases

 

$

436

 

 

$

551

 

 

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

$

 —

 

 

$

 —

 

 

Summary of balance sheet components

 

 

 

 

 

 

 

 

 

 

March 31, 

 

December 31,

 

    

2020

    

2019

 

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

15,508

 

$

16,044

 

 

 

 

 

 

 

Operating lease liabilities

 

$

17,166

 

$

17,347

 

 

 

 

 

 

 

Weighted-average remaining lease term - operating leases

 

 

10.5

 

 

10.6

 

 

 

 

 

 

 

Weighted-average discount rate - operating leases

 

 

5.87%

 

 

5.88%

 

Summary of future minimum lease payments under non-cancellable leases

Future minimum lease payments under non-cancellable leases as of March 31, 2020 and December 31, 2019 were as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 

 

 

December 31,

 

    

2020

 

 

2019

 

 

 

 

 

 

 

2020

 

$

2,037

 

$

2,473

2021

 

 

2,172

 

 

2,172

2022

 

 

2,171

 

 

2,171

2023

 

 

1,885

 

 

1,885

2024

 

 

1,941

 

 

1,941

Thereafter

 

 

13,325

 

 

13,325

Total future minimum lease payments

 

$

23,531

 

$

23,967

 

 

 

 

 

 

 

Less imputed interest

 

$

(6,365)

 

$

(6,620)

Total operating lease liability

 

$

17,166

 

$

17,347