Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.21.1
Leases (Tables)
3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Schedule of Future Minimum Lease Payments under Topic 842
As of March 31, 2021, the maturities of our operating lease liabilities and a reconciliation to the present value of lease liabilities were as follows (in thousands):

Remaining Lease Payments
Remainder of 2021 $ 5,480 
2022 7,150 
2023 7,071 
2024 7,179 
2025 4,381 
Thereafter 34,230 
Total remaining lease payments 65,491 
Less: imputed interest (13,943)
Total operating lease liabilities 51,548 
Less: current portion (5,111)
Long-term operating lease liabilities $ 46,437 
Weighted-average remaining lease term (in years) 10.95
Weighted-average discount rate 4.2  %
Supplemental Operating Lease Information
The following summarizes additional supplemental data related to operating leases (in thousands):

Three Months Ended March 31,
2021 2020
Operating lease costs $ 2,305  $ 2,105 

Three Months Ended March 31,
2021 2020
Right-of-use assets obtained in exchange for operating lease liabilities $ 6,580  $ 24,071 
Cash paid for operating leases $ 2,678  $ 1,553