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Leases | 6 Months Ended
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Jun. 30, 2021
Leases [Abstract] |
Leases | Leases Operating leases for our corporate offices have remaining lease terms ranging from one to eleven years, some of which include options to extend the leases for up to ten years. These options to extend have not been recognized as part of our operating lease right-of-use assets and lease liabilities as it is not reasonably certain that we will exercise these options. Our lease agreements do not contain any residual value guarantees or material restrictive covenants. We have lease agreements with lease and non-lease components, which we have elected to combine for all asset classes. Certain leases contain provisions for property-related costs that are variable in nature for which the Company is responsible, including common area maintenance, which are expensed as incurred. The components of lease expense recognized in the Condensed Consolidated Statements of Operations were as follows (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Operating lease cost | $ | 1,202 |  |  | $ | 1,412 |  |  | $ | 2,297 |  |  | $ | 2,848 |
Variable lease cost | 394 |  |  | 399 |  |  | 700 |  |  | 792 |
Total lease cost | $ | 1,596 |  |  | $ | 1,811 |  |  | $ | 2,997 |  |  | $ | 3,640 |
Lease-related assets and liabilities were as follows as of June 30, 2021 and December 31, 2020 (in thousands):
| June 30, 2021 |  | December 31, 2020
Assets |  |  |
Prepaid expenses and other current assets | $ | 6,599 |  |  | $ | 3,972 |
Operating lease right-of-use assets | 40,983 |  |  | 30,561 |
Liabilities |  |  |
Other current liabilities | $ | 1,561 |  |  | $ | 1,845 |
Operating lease liabilities | 53,936 |  |  | 40,146 |
Total lease liabilities | $ | 55,497 |  |  | $ | 41,991 |
Future minimum lease payments under non-cancellable leases as of June 30, 2021 were as follows (in thousands):
Years ending December 31, |
2021(1) | $ | (4,645) |
2022(1) | 4,022 |
2023(1) | 4,850 |
2024(1) | 5,814 |
2025 | 6,481 |
Thereafter | 46,783 |
Total future minimum lease payments | 63,305 |
Less: imputed interest | (14,407) |
Total(2) | $ | 48,898 |
(1) Future minimum lease payments for the years ending December 31, 2021, 2022, 2023, and 2024 are presented net of tenant improvement allowances of $6.9 million, $0.6 million, $0.8 million, and $0.2 million, respectively. (2) Total future minimum lease payments include the current portion of lease liabilities recorded in Prepaid expenses and other current assets of $6.6 million on our Condensed Consolidated Balance Sheets, which relates to certain of our leases for which the lease incentives to be received exceed the minimum lease payments to be paid over the next 12 months.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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