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Leases (Tables)
3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Summary of Lease Costs

 

The following table contains a summary of the lease costs recognized under ASC 842 and other information pertaining to the Company’s operating leases for the three months ended March 31, 2021 and 2020:

 

 

 

Three Months Ended

 

 

Three Months Ended

 

 

 

March 31, 2021

 

 

March 31, 2020

 

 

 

(in thousands)

 

Operating Leases

 

 

 

 

 

 

 

 

Lease Costs

 

 

 

 

 

 

 

 

Operating lease costs

 

$

419

 

 

$

165

 

Short-term lease costs

 

 

3

 

 

 

3

 

Variable lease costs

 

 

56

 

 

 

53

 

Total lease costs

 

$

478

 

 

$

221

 

 

Summary of Other Operating Lease Information

 

 

Three months ended

 

Three months ended

 

 

 

March 31, 2021

 

March 31, 2020

 

 

 

(in thousands, except as specified otherwise)

 

Other Operating Lease Information

 

 

 

 

 

 

 

Operating cash flows used for operating leases

 

$

299

 

$

167

 

Weighted-average remaining lease term

 

4.0 years

 

1.55 years

 

Weighted-average discount rate

 

 

5.0

%

 

7.6

%