Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.20.4
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2020
Commitments And Contingencies Disclosure [Abstract]  
Schedule of Reconciliation of Maturity Analysis of Annual Undiscounted Cash Flows

 

The following is a maturity analysis of the annual undiscounted cash flows reconciled to the carrying value of the operating and financing lease liabilities as of December 31, 2020 (in thousands):

 

 

 

Operating

 

 

Financing

 

Year ended December 31, 2021

 

$

3,824

 

 

$

313

 

Year ended December 31, 2022

 

 

3,935

 

 

 

313

 

Year ended December 31, 2023

 

 

4,049

 

 

 

66

 

Year ended December 31, 2024

 

 

4,166

 

 

 

 

Year ended December 31, 2025 and beyond

 

 

23,543

 

 

 

 

Total minimum lease payments

 

 

39,517

 

 

 

692

 

Less imputed interest

 

 

(13,476

)

 

 

(70

)

Total lease liability

 

$

26,041

 

 

$

622

 

 

Schedule of Total Lease Cost for Operating and Financing Leases as well as Weighted Average Information for Leases

The following table outlines the total lease cost for the Company’s operating and financing leases as well as weighted average information for these leases as of December 31, 2020 (in thousands):

 

 

 

 

Year Ended December 31, 2020

 

Lease cost:

 

 

 

 

 

Operating lease cost

 

 

$

3,063

 

Financing lease cost:

 

 

 

 

 

Amortization of right-of-use asset

 

 

$

261

 

Interest on lease liabilities

 

 

 

71

 

Total financing lease cost

 

 

$

332

 

Cash paid for amounts included in the measurement of liabilities:

 

 

 

 

 

Operating cash flows from operating leases

 

 

$

3,122

 

Operating cash flows from financing lease

 

 

$

313

 

 

 

 

 

 

 

Other information:

 

 

Year Ended December 31, 2020

 

Weighted-average remaining lease term (in years) - operating lease

 

 

 

9.09

 

Weighted-average discount rate - operating lease

 

 

 

9.30

%

Weighted-average remaining lease term (in years) - financing lease

 

 

 

2.30

 

Weighted-average discount rate - financing lease

 

 

 

9.47

%