Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.21.2
Leases (Tables)
6 Months Ended
Jun. 30, 2021
Leases [Abstract]  
Schedule of Future Minimum Lease Payments under Topic 842
As of June 30, 2021, the maturities of the Company’s operating lease liabilities and a reconciliation to the present value of lease liabilities were as follows (in thousands):
Remaining Lease Payments
Remainder of 2021 $ 3,671 
2022 8,043 
2023 7,638 
2024 7,885 
2025 5,087 
Thereafter 37,142 
Total remaining lease payments 69,466 
Less: imputed interest (14,200)
Total operating lease liabilities 55,266 
Less: current portion (5,642)
Long-term operating lease liabilities $ 49,624 
Weighted-average remaining lease term (in years) 10.67
Weighted-average discount rate 4.1  %
Supplemental Operating Lease Information
The following summarizes additional supplemental data related to operating leases (in thousands):
Three Months Ended June 30, Six Months Ended June 30,
2021 2020 2021 2020
Operating lease costs $ 2,372  $ 2,172  $ 4,677  $ 4,277 
Six Months Ended June 30,
2021 2020
Right-of-use assets obtained in exchange for operating lease liabilities $ 12,125  $ 24,071 
Cash paid for operating leases $ 5,042  $ 3,354