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Leases (Tables) | 12 Months Ended
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Dec. 31, 2020
Lease, Cost [Abstract] |
Summary of Lease cost | The components of lease cost under ASC 842 were as follows (in thousands):
|  | Year Ended December 31, 2020 |
Operating lease cost |  | $ | 2,590 |
Short-term lease cost |  |  | — |
Variable lease cost |  |  | 387 |
|  | $ | 2,977 |
Summary of Supplemental Disclosure of Cash Flow Information Related to Leases | Supplemental disclosure of cash flow information related to leases was as follows (in thousands):
|  | Year Ended |
|  | December 31, 2020 |
Cash paid for amounts included in the measurement of operating lease liabilities |  | $ | 2,747 |
Operating lease liabilities arising from obtaining right-of-use assets |  | $ | 541 |
Summary of Weighted-Average Remaining Lease Terms and Discount Rates | The weighted-average remaining lease term and discount rate were as follows:
|  | December 31, 2020 |
Weighted-average remaining lease term - operating leases (in years) |  |  | 4.44 |
Weighted-average discount rate - operating leases |  |  | 4.67 | %
Summary of Future Annual Lease Payments under the Company Leases | Future annual lease payments under the Company’s leases as of December 31, 2020 were as follows (in thousands):
Year Ending December 31, |  |  |
2021 |  | $ | 3,025 |
2022 |  |  | 2,872 |
2023 |  |  | 2,785 |
2024 |  |  | 2,099 |
2025 |  |  | 177 |
Thereafter |  |  | 826 |
Total future minimum lease payments |  |  | 11,784 |
Less: imputed interest |  |  | (1,098 | )
Total operating lease liabilities |  | $ | 10,686 |
Summary of Classifications of Lease Cost Assets and Liabilities on the Consolidated Balance Sheet | The following table presents lease assets and liabilities and their classification on the consolidated balance sheet (in thousands):
Included in the balance sheet (in thousands): |  | December 31, 2020 |
Current operating lease liabilities |  | $ | 2,593 |
Operating lease liabilities, net of current portion |  |  | 8,093 |
Total operating lease liabilities |  | $ | 10,686 |
Summary of Future Minimum Lease Payments under the Operating Leases | The following table summarizes the future minimum lease payments due under the Company’s operating leases as of December 31, 2019 (in thousands), presented in accordance with ASC 840, the relevant accounting standard at that time:
Year Ending December 31, |  |  |
2020 |  | $ | 2,573 |
2021 |  |  | 2,659 |
2022 |  |  | 2,502 |
2023 |  |  | 2,534 |
2024 |  |  | 1,922 |
Thereafter |  |  | — |
|  | $ | 12,190 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980 + Details
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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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