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Leases (Tables)
 3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Lease, Cost
Lease expense is included in office and technology expenses in the unaudited Consolidated Statements of Operations. Information regarding the Company’s operating leases follows:
Three Months Ended
March 31,
(in thousands)20212020
Operating leases$326 $320 
Short-term leases (b)64 30 
Lease expense$390 $350 
Sub-lease income— — 
Lease cost$390 $350 
(b)
Leases with an initial term of twelve months or less are not recorded on the unaudited Consolidated Balance Sheets.
Lessee, Operating Lease Liability, Current and Non-current
Components of the operating lease liability presented on the unaudited Consolidated Balance Sheets are as follows:
(in thousands)As of
March 31, 2021		As of
December 31, 2020
Current:
Operating lease liabilities$819 $1,068 
Non-current:
Operating lease liabilities2,690 2,601 
Total operating lease liabilities$3,509 $3,669 
Lessee, Operating Lease, Liability, Maturity
The future minimum lease payments under operating leases that have initial or remaining noncancelable lease terms in excess of one year as of March 31, 2021, are summarized as follows:
Year Ended (in thousands)
2021$923 
2022989 
2023698 
2024526 
2025338 
Thereafter375 
Total undiscounted payments$3,849 
Less: present value adjustment(340)
Operating lease liabilities$3,509 
Operating Lease Other Information
Supplemental lease information is as follows:
As of
March 31, 2021		As of
December 31, 2020
Weighted average remaining lease term (years)4.204.24
Weighted average discount rate4.5 %4.6 %