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Leases | 9 Months Ended
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Sep. 30, 2020
Leases [Abstract] |
Leases | Leases We have operating leases for buildings, equipment and vehicles. Existing leases have remaining terms of less than one year to ten years. Some leases contain options to extend the lease, usually for up to five years, and termination options. Supplemental balance sheet information related to leases was as follows as of September 30, 2020 and December 31, 2019 (in thousands, except for discount rate and lease term):
|  | September 30, 2020 |  | December 31, 2019
Operating lease right-of-use buildings |  | $ | 40,723 |  | $ | 6,234
Operating lease right-of-use equipment |  | 86 |  | 69
Operating lease right-of-use vehicles |  | 583 |  | 355
Total operating lease right-of-use assets, gross |  | 41,392 |  | 6,658
Accumulated amortization |  | (2,923) |  | (1,798)
Total operating lease right-of-use assets, net |  | $ | 38,469 |  | $ | 4,860
Operating lease liabilities, current |  | $ | 2,697 |  | $ | 1,833
Operating lease liabilities, non-current |  | 38,607 |  | 4,323
Total operating lease liabilities |  | $ | 41,304 |  | $ | 6,156
Weighted average remaining lease term (in years) |  | 8.9 |  | 4.7
Weighted average discount rate per annum |  | 11.9 | % |  | 5.0 | %
A new operating lease for our corporate headquarters in South San Francisco, California commenced in March 2020. We recorded a ROU asset of $35.7 million at the inception of the lease and an operating lease liability of $35.3 million. The lease term is approximately ten years. Future minimum lease payments over the life of the lease were discounted at a rate of 12.6%, which was our estimated incremental collateralized borrowing rate for the term of the lease at the inception of the lease. The following table presents the components of lease expense for the three and nine months ended September 30, 2020 and 2019, respectively (in thousands):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Operating lease cost (including variable costs) |  | $ | 2,501 |  |  | $ | 1,604 |  |  | $ | 7,012 |  |  | $ | 4,660 |
Variable costs including non-lease component |  | $ | 407 |  |  | $ | 748 |  |  | $ | 1,576 |  |  | $ | 2,051 |
Supplemental Cash Flow Information: |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of operating lease liabilities (included in net cash used in operating activities in thousands):
|  |  |  | Nine Months Ended September 30,
|  |  |  |  |  | 2020 |  | 2019
Operating cash flows from operating leases |  |  |  |  |  | $ | 3,443 |  |  | $ | 3,068 |
Future minimum lease payments under commenced non-cancelable operating leases, which are as of September 30, 2020 as follows (in thousands):
Fiscal Year |  | Minimum Lease Payments for Operating Leases
2020 (remainder of year) |  | $ | 1,802 |
2021 |  | 7,362 |
2022 |  | 7,040 |
2023 |  | 6,950 |
2024 |  | 7,152 |
Thereafter |  | 39,254 |
Total future minimum payments |  | $ | 69,560 |
Less: imputed interest |  | (28,256) |
Total |  | $ | 41,304 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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