Commitments and Contingencies

9 Months Ended

Sep. 30, 2021

Commitments and Contingencies Disclosure [Abstract]

The Company is subject, from time to time, to various types of third-party legal claims or litigation that arise in the ordinary course of business, including, but not limited to, property loss claims, personal injury or other damages resulting from contact with the Company's properties. These claims and lawsuits and any resulting damages are generally covered by the Company's insurance policies. The Company accrues for legal costs associated with loss contingencies when these costs are probable and reasonably estimable. While the resolution of these matters cannot be predicted with certainty, based on currently available information, management does not expect that the final outcome of any pending claims or legal proceedings will have a material adverse effect on the financial condition, results of operations or cash flows of the Company.

Operating and Finance Lease Commitments

The Company has non-cancelable operating leases for office space used in its business. In addition, the Company has non-cancelable contracts of property improvements that have been deemed to contain finance leases.

Future minimum lease obligations as of September 30, 2021, were as follows:


	Minimum Lease Payments
	Operating Leases		Finance Leases
Remaining 2021	$	176	$	97
2022	593		279
2023	968		21
2024	1,044		—
2025	502		—
Thereafter	2,200		—
Total expected minimum lease obligation	5,483		397
Less: Amount representing interest (a)	(2,314)		(35)
Present value of net minimum lease payments	$	3,169	$	362

(a)Interest includes the amount necessary to reduce to present value the total expected minimum lease obligations calculated at the Company's incremental borrowing rate.