Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.20.2
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2020
Commitments And Contingencies Disclosure [Abstract]  
Summary of Components of Lease Expenses

The components of lease expense for the three and six months ended June 30, 2020 and 2019 were as follows:

 

 

  

Three Months Ended June 30,

 

  

Six Months Ended June 30,

 

 

  

2020

 

  

2019

 

  

2020

 

  

2019

 

Operating Lease Cost

  

$

1,532

 

 

$

1,469

  

  

$

3,055

  

  

$

2,936

  

Financing Lease Cost:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Amortization of ROU assets

 

 

31

 

 

 

17

 

 

 

62

 

 

 

48

 

     Interest on lease liabilities

 

 

2

 

 

 

1

 

 

 

4

 

 

 

3

 

     Total

 

 

33

 

 

 

18

 

 

 

66

 

 

 

51

 

 

Summary of Future Minimum Lease Payments and Rentals under Lease Agreements For Office Space

Future minimum lease payments and rentals under lease agreements for office space are as follows:

 

 

  

Operating Leases

 

  

Non-cancellable
Subleases

 

 

Operating Lease
Liabilities

 

Remainder of 2020

  

$

3,237

  

  

$

(77

)

 

$

3,160

  

2021

  

 

6,370

  

  

 

(35

)

 

 

6,335

  

2022

  

 

6,244

  

  

 

(35

)

 

 

6,209

  

2023

  

 

5,928

  

  

 

(6

)

 

 

5,922

  

2024

 

 

6,008

 

 

 

 

 

 

6,008

 

Thereafter

 

 

22,067

 

 

 

 

 

 

22,067

 

Total

  

$

49,854

  

  

$

(153

)

 

$

49,701

  

Weighted-average remaining lease term – operating leases (months)

 

 

 

 

 

 

 

 

 

 

94.5

 

Weighted-average discount rate

 

 

 

 

 

 

 

 

 

 

4.3

%

Assets Relating to Finance Leases Included in Equipment

The assets relating to finance leases that are included in equipment as of June 30, 2020 and December 31, 2019 are as follows:

 

 

  

June 30,

2020

 

 

December 31,

2019

 

Finance lease assets included in furniture and equipment

  

$

679

  

 

$

679

  

Finance lease assets included in software

  

 

  

 

 

  

Less: Accumulated depreciation and amortization

  

 

(446

)

 

 

(481

)

 

  

$

233

  

 

$

198

  

Summary of Future Minimum Lease Payments under Finance Leases

Future minimum lease payments under finance leases are as follows:

 

 

  

Future Minimum Lease
Commitments

 

Remainder of 2020

  

$

56

  

2021

  

 

99

  

2022

  

 

53

  

2023

 

 

25

 

2024

 

 

16

 

Thereafter

 

 

5

 

Total

  

$

254

  

Weighted-average remaining lease term – finance leases (months)

 

 

36.0

 

Weighted-average discount rate

 

 

4.2

%