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Leases

6 Months Ended

Jun. 30, 2021

Leases

Leases

Note 8—Leases

We have an operating lease for our office and laboratory facilities with an initial term that ends in 2027 with two options to extend the lease term by five years. We carry various finance leases for laboratory equipment.

Supplemental lease information is as follows:

​

​	​	​	​	​	​	​	​	​	​	​	​
​	Three Months Ended					​	Six Months Ended
​	June 30,					​	June 30,
​	2021		​	2020		​	2021			2020
​	(In thousands)					​	(In thousands)
Lease cost	​	​	​	​	​	​	​			​
Operating lease cost	$	1,984	​	$	1,551	​	$	3,567	​	$	3,024
Finance lease cost:		​	​		​	​		​	​
Amortization		288	​		345	​		611	​		703
Interest		40	​		70	​		89	​		159
Variable lease cost		992	​		565	​		1,804	​		1,102
Sublease income		(423)	​		(309)	​		(841)	​		(602)
Net lease cost	$	2,881	​	$	2,222	​	$	5,230	​	$	4,386

​

Cash paid for amounts included in the measurement of lease liabilities is as follows:

​

​	​	​	​	​	​
​	Six Months Ended
​	June 30,
​	2021			2020
​	(In thousands)
Cash payments for operating leases	$	3,817	​	$	4,284
Cash payments for financing leases	$	665		$	689

​

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