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Commitments and Contingencies (Tables) | 6 Months Ended
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Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract] |
Summary of Company's Operating Lease Liabilities | The maturity of the Company’s operating lease liabilities as of June 30, 2020 is as follows (in thousands):
| Operating Leases
2020 (excluding the six months ended June 30, 2020) | $ | 3,142 |
2021 | 8,876 |
2022 | 7,935 |
2023 | 8,083 |
2024 | 7,837 |
Thereafter | 42,575 |
Total lease payments | $ | 78,448 |
Less: imputed interest | (19,282) |
Present value of operating lease liabilities | $ | 59,166 |
Operating lease liabilities, current | $ | 3,938 |
Operating lease liabilities, noncurrent | $ | 55,228 |
Summary of Additional Information Related to Operating Leases | The following table summarizes additional information related to operating leases as of June 30, 2020:
Weighted-average remaining lease term: |
Operating leases | 9.0 years
Weighted-average discount rate: |
Operating leases | 6.2 | %
Summary of Future Minimum Lease Payments Under the Leases for Facilities | The Company’s future undiscounted lease payments under operating leases (as defined by prior guidance) as of December 31, 2019 are as follow (in thousands):
| Rent Payments
2020 | $ | 6,247 |
2021 | 7,581 |
2022 | 6,794 |
2023 | 6,947 |
2024 | 7,064 |
Thereafter | 38,346 |
Total minimum lease payments | $ | 72,979 |

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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121573735&loc=d3e41502-112717 + Details
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