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Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Components of Lease Cost for Operating and Finance Leases

The components of lease cost for operating and finance leases for the year ended December 31, 2019 were:

 

 

 

 

 

 

Operating leases

 

$ (in thousands)

 

Operating lease cost

 

$

3,344

 

Short-term lease cost

 

 

330

 

Variable lease cost

 

 

1,092

 

 

 

 

4,766

 

Finance leases

 

 

 

 

Depreciation on finance leases

 

 

188

 

Interest on finance leases

 

 

21

 

 

 

 

209

 

Total lease cost

 

$

4,975

 

Summary of Weighted Average Remaining Lease Term and Weighted Average Discount Rate for Operating and Finance Leases

The weighted average remaining lease term and the weighted average discount rate for operating and finance leases at December 31, 2019 was:

 

 

 

Operating Lease

 

 

Finance Leases

 

Weighted average discount rate

 

 

8.0

%

 

 

6.1

%

Weighted average remaining lease term (years)

 

 

8.2

 

 

 

0.8

 

Summary of Maturity of Lease Liabilities for Operating and Finance Leases

 

The following table reconciles the undiscounted cash flows for the operating and finance leases at December 31, 2019 to the operating and finance lease liabilities recorded on the balance sheet: December 31, 2019

 

Maturity of lease liabilities

 

Operating Leases

 

 

Finance Leases

 

 

 

(in thousands)

 

2020

 

$

3,892

 

 

$

214

 

2021

 

 

4,236

 

 

 

2

 

2022

 

 

4,389

 

 

 

 

2023

 

 

3,574

 

 

 

 

2024

 

 

3,681

 

 

 

 

Thereafter

 

 

14,386

 

 

 

 

Total lease payments

 

 

34,158

 

 

 

216

 

Less: imputed interest

 

 

9,354

 

 

 

6

 

Total lease liabilities

 

$

24,804

 

 

$

210

 

Current lease liabilities

 

 

2,000

 

 

 

208

 

Long-term lease liabilities

 

 

22,804

 

 

 

2