Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.21.2
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2021
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, 2021 and 2020 were as follows:

 

 

  

Three Months Ended June 30,

 

  

Six Months Ended June 30,

 

 

  

2021

 

  

2020

 

  

2021

 

  

2020

 

Operating Lease Cost

  

$

1,530

 

 

$

1,532

  

  

$

3,073

  

  

$

3,055

  

Financing Lease Cost:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Amortization of ROU assets

 

 

30

 

 

 

31

 

 

 

60

 

 

 

62

 

     Interest on lease liabilities

 

 

2

 

 

 

2

 

 

 

5

 

 

 

4

 

     Total

 

 

32

 

 

 

33

 

 

 

65

 

 

 

66

 

 

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 2021

  

$

3,252

  

  

$

(146

)

 

$

3,106

  

2022

  

 

6,377

  

  

 

(35

)

 

 

6,342

  

2023

  

 

5,928

  

  

 

(6

)

 

 

5,922

  

2024

  

 

6,008

  

  

 

 

 

 

6,008

  

2025

 

 

5,933

 

 

 

 

 

 

5,933

 

Thereafter

 

 

16,134

 

 

 

 

 

 

16,134

 

Total

  

$

43,632

  

  

$

(187

)

 

$

43,445

  

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

 

 

 

 

 

 

 

 

 

 

84.1

 

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, 2021 and December 31, 2020 are as follows:

 

 

  

June 30,

2021

 

 

December 31,

2020

 

Finance lease assets included in furniture and equipment

  

$

472

  

 

$

417

  

Less: Accumulated depreciation and amortization

  

 

(158

)

 

 

(163

)

 

  

$

314

  

 

$

254

  

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 2021

  

$

66

  

2022

  

 

108

  

2023

  

 

76

  

2024

 

 

43

 

2025

 

 

24

 

Thereafter

 

 

2

 

Total

  

$

319

  

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

 

 

36.7

 

Weighted-average discount rate

 

 

3.6

%