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Leases (Tables)
6 Months Ended
Jun. 30, 2021
Leases [Abstract]  
Summary of Operating Lease Costs

The following table summarizes operating lease costs as well as sublease income (in thousands):

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Operating lease costs

 

$

4,563

 

 

$

1,705

 

 

$

9,103

 

 

$

3,303

 

Variable lease costs

 

 

364

 

 

 

249

 

 

 

574

 

 

 

537

 

Short-term lease costs

 

 

360

 

 

 

 

 

 

378

 

 

 

 

Total

 

$

5,287

 

 

$

1,954

 

 

$

10,055

 

 

$

3,840

 

Summary of Lease Term and Discount Rate

The following table summarizes the lease term and discount rate for operating leases:

 

 

June 30,
2021

 

 

December 31,
2020

 

Weighted-average remaining lease term (years)

 

11.5

 

 

11.5

 

Weighted-average discount rate

 

 

7.1

%

 

 

7.4

%

Summary of Lease Costs Included in Measurement of Lease Liabilities

The following table summarizes the lease costs for amounts included in the measurement of lease liabilities (in thousands):

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Operating cash flows used for operating leases

 

$

2,310

 

 

$

1,593

 

 

$

3,995

 

 

$

3,118

 

Operating lease liabilities arising from obtaining ROU assets

 

 

798

 

 

 

1,763

 

 

 

24,164

 

 

 

5,795

 

Summary of Future Minimum Lease Payments of Operating Leases

At June 30, 2021, the future minimum lease payments for the Company’s operating leases for each of the years ending December 31 were as follows (in thousands):

 

Remainder of 2021

 

$

7,109

 

 2022

 

 

16,616

 

 2023

 

 

17,262

 

 2024

 

 

17,787

 

 2025

 

 

18,260

 

Thereafter

 

 

132,835

 

Undiscounted lease payments

 

 

209,869

 

Less: imputed interest

 

 

(73,585

)

Total operating lease liabilities

 

$

136,284