Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.22.0.1
Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Summary of Lease Expense and Supplemental Information
The following table summarizes the components of lease expense, which are included in operating expenses in the Company’s statements of operations and comprehensive loss (in thousands):
Year ended December 31, 2021
Operating lease expense $ 2,375 
Variable lease expense 703 
Total lease expense $ 3,078 
The following table summarizes supplemental information related to leases:
Year ended December 31, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases (in thousands) $ 2,636
Weighted-average remaining lease term (years)
Operating leases 7
Weighted-average discount rate
Operating leases 5.3  %
Summary of Lease Liability Maturities
The following table summarizes the maturities of lease liabilities as of December 31, 2021 (in thousands):
2022 $ 2,447 
2023 2,268 
2024 2,150 
2025 1,928 
Thereafter 6,669 
Total future minimum lease payments 15,462 
Less: imputed interest (2,605)
Present value of future minimum lease payments 12,857 
Less: Current portion of operating lease liability (1,820)
Long-term operating lease liability $ 11,037 
Summary of Lease Liability Maturities
As previously disclosed in the Company’s annual consolidated financial statements for the year ended December 31, 2020, and under previous lease accounting standard ASC 840, Leases, the aggregate future non-cancelable minimum rental payments on its operating leases as of December 31, 2020 were as follows (in thousands):
2022 $ 2,455 
2023 1,444 
2024 887 
2025 762 
2026 and years thereafter
1,355 
Total minimum future rentals
$ 6,903