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Leases (Tables)

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Summary of Components of Lease Expense

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


		For the Three Months Ended March 31,
		2022				2021
Operating lease cost		$	3,652			$	3,819
Short-term lease cost			137				88
Variable lease cost			1,550				1,436
Sublease income			(192	)			(61	)
Total lease cost		$	5,147			$	5,282

Summary of Additional Lease Information

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


		For the Three Months Ended March 31,
		2022				2021
Cash paid for amounts included in the measurement of operating lease liabilities		$	2,861			$	2,718
Operating lease ROU assets obtained in exchange for lease obligations			—			$	7,433
Weighted-average remaining lease term - operating leases (years)			5.7				6.5
Weighted-average discount rate - operating leases			4.3	%			4.4	%

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 March 31, 2022 are as follows (in thousands):


		Operating Lease				Sublease
		Payments				Cash Receipts
2022 (remainder)		$	12,743			$	626
2023			16,507				606
2024			16,137				625
2025			14,184				—
2026			12,108				—
Thereafter			14,706				—
Total lease payments and estimated sublease cash receipts			86,385			$	1,857
Less imputed interest			(11,482	)
Present value of lease liabilities		$	74,903

Summary of Lease Balances

Lease balances as of March 31, 2022 are as follows (in thousands):


Operating lease ROU assets		$	62,086

Short-term operating lease liabilities (1)		$	13,427
Non-current operating lease liabilities			61,476
Total operating lease liabilities		$	74,903

(1)

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