Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.20.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2020
Leases  
Schedule of components of lease expense

The components of lease expense for the period were as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

December 31, 

 

December 31, 

 

 

 

2020

 

2019

 

Lease cost

 

 

 

 

 

 

 

Operating lease cost

 

$

11,613

 

$

8,494

 

Variable lease cost

 

 

2,001

 

 

3,185

 

Short-term lease cost

 

 

479

 

 

446

 

Sublease income

 

 

(493)

 

 

(696)

 

Total lease cost

 

$

13,600

 

$

11,429

 

 

 

 

 

 

 

 

 

Weighted average remaining lease term – operating leases

 

 

12 years

 

 

13 years

 

Weighted average discount rate – operating leases

 

 

8.09

%

 

8.48

%

 

Schedule of supplemental cash flow information related to leases

Supplemental cash flow information related to leases for the period was as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

December 31, 

 

December 31, 

 

 

2020

 

2019

Cash paid for amounts included in the measurement of operating lease liabilities

 

$

8,491

 

$

8,368

Right-of-use assets obtained in exchange for operating lease obligations

 

$

4,968

 

$

43,474

 

Schedule of maturities of operating lease liabilities

As of December 31, 2020, maturities of the Company’s operating lease liabilities are as follows (in thousands):

 

 

 

 

 

2021

 

$

13,276

2022

 

 

13,229

2023

 

 

13,531

2024

 

 

12,927

2025

 

 

11,893

Thereafter

 

 

112,867

Total lease payments

 

 

177,723

Less: imputed interest

 

 

(74,337)

Present value of operating lease liabilities

 

$

103,386