Leases (Tables)

9 Months Ended

Sep. 30, 2021

Schedule for Summary of Additional Information Related to Operating Lease

The following table provides

additional

information regarding the Company’s leases:


	Three Months Ended September 30,						Nine Months Ended September 30,
	2021			2020			2021			2020
Lease cost:
Operating lease cost	$	520		$	796		$	1,860		$	2,384
Short-term lease cost		242			299			797			941

Total lease cost	$	762		$	1,095		$	2,657		$	3,325

Other information:
Cash paid for amounts included in the measurement of operating lease liabilities	$	13,804		$	933		$	15,462		$	2,778

Right-of-use assets obtained in exchange for new operating lease liabilities		n/a			n/a			n/a			n/a

Weighted-average remaining lease term (in years) – operating leases		1.8			8.9			1.8			8.9

Weighted-average discount rate – operating leases		4.4	%		6.3	%		4.4	%		6.3	%

Schedule of Lease Impairment Charges

The following table provides additional information regarding lease impairment charges recognized by the Company:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Impairment charges – Leases:
New York office	$	9,277	$	—	$	9,277	$	—
London office		—		—		303		—

Total impairment charges – Leases:	$	9,277	$	—	$	9,580	$	—

Schedule of Future Minimum Lease Payments

The following table discloses future minimum lease payments at September 30, 2021 with respect to the Company’s operating lease liabilities:


Remainder of 2021	$	98
2022		358
2023		195
2024		—
2025		—
2026 and thereafter		—

Total future minimum lease payments (undiscounted)	$	651

Schedule of Reconciliation of Future Minimum Lease Payments to Balance Sheet

The following table reconciles the future minimum lease payments (disclosed above) at September 30, 2021 to the operating lease liabilities recognized in the Company’s Consolidated Balance Sheets:


Amounts recognized in the Company’s Consolidated Balance Sheets
Lease liability – short term	$	361
Lease liability – long term		327

Subtotal		688
Difference between undiscounted and discounted cash flows		(37	)

Total future minimum lease payments (undiscounted)	$	651