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Leases (Tables)
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Summary of Operating Lease Assets and Liabilities

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Summary of Operating Lease Cost

Operating lease cost consists of the following (in thousands):

 

 

For the Three Months Ended March 31,

 

 

 

2020

 

 

2019

 

 

 

(unaudited)

 

Lease cost

 

$

527

 

 

$

397

 

Sublease income

 

 

(151

)

 

 

(151

)

Total lease cost

 

$

376

 

 

$

246

 

Summary of Maturity of Operating Lease Liabilities

The maturity of operating lease liabilities is presented in the following table (in thousands):

 

 

As of  March 31, 2020

 

 

 

(unaudited)

 

2020

 

$

1,270

 

2021

 

 

1,669

 

2022

 

 

1,413

 

2023

 

 

1,425

 

2024

 

 

1,182

 

Thereafter

 

 

1,158

 

Total lease payments

 

 

8,117

 

Less imputed interest

 

 

(1,296

)

Present value of lease liabilities

 

$

6,821

 

Summary of Additional Information Relating to Company's Operating Leases

Additional information relating to the Company’s operating leases follows:

 

 

As of  March 31, 2020

 

 

 

(unaudited)

 

Weighted average remaining lease term (years)

 

 

5.22

 

Weighted average discount rate

 

 

6.89

%