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LEASES

3 Months Ended

Mar. 31, 2021

Note 4—Leases

The Company leases certain facilities from a related party, which is a company affiliated with us through common ownership. Included in the right-of-use asset (“ROU asset”) as of March 31, 2021 was $3,179 and a corresponding lease liability of $3,179 associated with related party leases.

As of March 31, 2021, there were no additional operating leases that have not yet commenced. Refer to the following table for quantitative information related to the Company’s leases for the three months ended March 31, 2021 and 2020:


	Three months ended March 31, 2021						Three months ended March 31, 2020
	Related Parties		Others		Total		Related Parties		Others		Total
Lease Cost
Capitalized operating lease cost	$	313	$	777	$	1,090	$	379	$	784	$	1,163
Short-term lease cost		107		23		130		41		2		43
Total lease cost	$	420	$	800	$	1,220	$	420	$	786	$	1,206

Other Information
Cash paid for amounts included in the measurement of lease liabilities and capitalized operating leases:
Operating cash flows	$	313	$	770	$	1,083	$	379	$	781	$	1,160

Weighted-average remaining lease term (in years):
Capitalized operating leases		2.67		5.32		4.65		3.65		6.29		5.60

Weighted-average discount rate:
Capitalized operating leases		3.92%		3.92%		3.92%		3.92%		3.92%		3.92%

As of March 31, 2021, future lease payments over the remaining term of capitalized operating leases were as follows:


For the Years Ended December 31,		Related Parties		Others		Total
2021, excluding the three months ended March 31, 2021	$	940	$	2,322	$	3,262
2022		1,253		2,111		3,364
2023		1,149		1,675		2,824
2024		—		1,699		1,699
2025		—		1,594		1,594
Thereafter		—		888		888
	$	3,342	$	10,289	$	13,631

Imputed interest						(1,027)
Lease liability balance at March 31, 2021					$	12,604

As of March 31, 2021, the ROU asset had a balance of $11,857. The long-term lease liability was $8,792 and the short-term lease liability, which is included in accrued expenses and other liabilities in the consolidated balance sheets, was $3,812. As of March 31, 2020, the ROU asset had a balance of $15,776. The long-term lease liability was $12,551 and the short-term lease liability, which is included in accrued expenses and other liabilities in the consolidated balance sheets, was $4,062.