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Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]  
Summary of Supplemental Information for Lease Amounts Recognized
The following table contains a summary of the lease costs recognized under ASC 842 and other information pertaining to the Company’s operating leases for the periods presented (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2021202020212020
Operating lease cost (1)
$2,863 $2,833 $8,429 $8,341 
Cash paid for amounts included in measurement of lease liability$2,618 $2,536 $7,717 $7,202 
As of September 30,
20212020
Weighted average remaining lease term7.6 years8.6 years
Weighted average discount rate%%
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(1)Including variable and short-term lease costs
Summary of Future Minimum Lease Commitments
The following table reconciles the undiscounted cash flows for the next five years and total of the remaining years to the operating lease liability recorded in the Condensed Consolidated Balance Sheet as of September 30, 2021 (in thousands):
Year Ended December 31:
2021 (three months)$2,618 
202210,702 
202311,053 
202411,417 
202511,793 
Thereafter42,148 
Total undiscounted lease payments89,731 
Present value adjustment(24,489)
Net operating lease liabilities$65,242 
Summary of Future Minimum Lease Receivables
The following table details the future undiscounted cash inflows relating to the Sublease Agreement as of September 30, 2021 (in thousands):
Year Ended December 31:
2021 (three months)$737 
20223,009 
20233,096 
2024876 
Total undiscounted sublease receipts$7,718