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Leases (Tables)

9 Months Ended

Sep. 30, 2021

Leases [Abstract]

Summary of Components of Lease Expense

The components of lease expense were as follows (in thousands):


		For the Three Months Ended September 30,
		2021				2020
Operating lease cost		$	3,999			$	4,114
Short-term lease cost			120				81
Variable lease cost			1,472				1,539
Sublease income			(192	)			(65	)
Total lease cost		$	5,399			$	5,669


		For the Nine Months Ended September 30,
		2021				2020
Operating lease cost		$	11,881			$	12,049
Short-term lease cost			306				245
Variable lease cost			4,187				4,555
Sublease income			(358	)			(190	)
Total lease cost		$	16,016			$	16,659

Summary of Additional Lease Information

Additional lease information is summarized in the following table (in thousands, except lease term and discount rate):


		For the Nine Months Ended September 30,
		2021				2020
Cash paid for amounts included in the measurement of operating lease liabilities		$	8,526			$	9,056
Operating lease ROU assets obtained in exchange for lease obligations		$	7,505			$	16,117
Weighted-average remaining lease term - operating leases (years)			6.1				6.6
Weighted-average discount rate - operating leases			4.3	%			4.6	%

Summary of Future Minimum Lease Payments and Sublease Cash Receipts Under Non-Cancelable Leases

Future minimum lease payments under non-cancelable leases and estimated future sublease cash receipts from non-cancelable arrangements as of September 30, 2021 are as follows (in thousands):


		Operating Lease				Sublease
		Payments				Cash Receipts
2021 (remainder)		$	3,829			$	67
2022			16,581				839
2023			16,534				606
2024			16,176				625
2025			14,228				—
Thereafter			26,963				—
Total lease payments and estimated sublease cash receipts			94,311			$	2,137
Less imputed interest			(13,493	)
Present value of lease liabilities		$	80,818

Summary of Lease Balances

Lease balances as of September 30, 2021 are as follows (in thousands):


Operating lease ROU assets		$	67,630

Short-term operating lease liabilities (1)		$	12,423
Non-current operating lease liabilities			68,395
Total operating lease liabilities		$	80,818

(1)

Included in accrued expenses and other current liabilities on the Consolidated Balance Sheets.