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Leases (Tables)
3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Summary of Operating Lease Cost

Operating lease cost consists of the following:

 

 

 

For the Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

 

 

(unaudited, in thousands)

 

Lease cost

 

$

434

 

 

$

558

 

Sublease income

 

 

(18

)

 

 

(151

)

Total lease cost

 

$

416

 

 

$

407

 

Summary of Maturity of Operating Lease Liabilities

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

 

 

As of  March 31, 2022

 

 

 

(unaudited, in thousands)

 

2022

 

$

1,261

 

2023

 

 

1,687

 

2024

 

 

1,526

 

2025

 

 

1,168

 

2026

 

 

481

 

Total lease payments

 

 

6,123

 

Less imputed interest

 

 

(650

)

Present value of lease liabilities

 

$

5,473

 

Summary of Additional Information Relating to Company's Operating Leases

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

 

 

As of  March 31, 2022

 

 

 

(unaudited)

 

Weighted average remaining lease term (years)

 

 

3.8

 

Weighted average discount rate

 

 

6.2

%