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Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2021
Commitments And Contingencies Disclosure [Abstract]  
Summary of Operating Lease Expense

Our lease expense comprises of the following (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2021

 

 

2020

 

Operating lease expense

 

$

1,560

 

 

$

1,592

 

Summary of Balance Sheet Classification of Operating Lease Liabilities

The balance sheet classification of our operating lease liabilities was as follows (in thousands):  

 

 

 

March 31, 2021

 

 

December 31, 2020

 

Operating lease liabilities:

 

 

 

 

 

 

 

 

Current portion of lease liabilities (included in other current liabilities)

 

$

3,356

 

 

$

3,247

 

Long-term portion of lease liabilities

 

 

33,795

 

 

 

34,789

 

Total operating lease liabilities

 

$

37,151

 

 

$

38,036

 

Summary of Maturities of Sublease Income and Operating Lease Liabilities

 

At March 31, 2021, the maturities of our sublease income and operating lease liabilities were as follows (in thousands):

 

Years ending December 31,

 

Sublease Income

 

 

Operating Lease

Liabilities

 

2021 (remaining)

 

$

3,915

 

 

$

5,215

 

2022

 

 

5,357

 

 

 

6,240

 

2023

 

 

5,518

 

 

 

5,377

 

2024

 

 

5,684

 

 

 

5,521

 

2025

 

 

5,854

 

 

 

5,670

 

Thereafter

 

 

33,742

 

 

 

30,704

 

Total

 

$

60,070

 

 

 

58,727

 

Less:

 

 

 

 

 

 

 

 

Present value adjustment

 

 

 

 

 

 

(21,576

)

Total

 

 

 

 

 

$

37,151

 

Summary of Weighted Average Remaining Lease Term and Weighted Average Discount Rate

 

The weighted average remaining lease term and the weighted average discount rate used to determine the operating lease liability were as follows:

 

 

 

March 31, 2021

 

 

December 31, 2020

 

Weighted average remaining lease term

 

9.0 years

 

 

9.1 years

 

Weighted average discount rate

 

 

10.1

%

 

 

10.1

%