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Leases (Tables)
6 Months Ended
Jun. 30, 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 and six months ended June 30, 2021 and 2020:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

Operating Leases

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lease Costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease costs

 

$

424

 

 

$

165

 

 

$

843

 

 

$

330

 

Short-term lease costs

 

 

2

 

 

 

1

 

 

 

5

 

 

 

4

 

Variable lease costs

 

 

54

 

 

 

39

 

 

 

110

 

 

 

92

 

Total lease costs

 

$

480

 

 

$

205

 

 

$

958

 

 

$

426

 

 

Summary of Other Operating Lease Information

 

 

Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

 

(in thousands, except as specified otherwise)

 

Other Operating Lease Information

 

 

 

 

 

 

 

 

Operating cash flows used for operating leases

 

$

605

 

 

$

335

 

Right-of-use assets obtained in exchange for new operating lease liability

 

$

705

 

 

$

 

Weighted-average remaining lease term

 

3.9 years

 

 

1.37 years

 

Weighted-average discount rate

 

 

4.6

%

 

 

7.6

%