Rigel Pharmaceuticals, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

LEASE AGREEMENTS (Tables)

LEASE AGREEMENTS (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of changes in liability related to sublease agreement

The changes in the liability related to the sublease agreement during the years ended December 31, 2018 and 2017 were as follows (in thousands):


Balance at January 1, 2017	$	3,460
Increase in deferred liability		495
Accretion of deferred liability		157
Amortization of deferred liability		(3,828)
Balance at December 31, 2017		284
Accretion of deferred liability		2
Amortization of deferred liability		(286)
Balance at December 31, 2018	$	—

Schedule of components of operating lease expense

For the year ended December 31, 2019, the components of our operating lease expense was as follows (in thousands):


		Year Ended
		December 31, 2019
Fixed operating lease expense	$	5,248
Variable operating lease expense		745
Total operating lease expense	$	5,993

Schedule of cash flow information related to operating lease

Supplemental information related to our operating lease for the years ended December 31, 2019 was as follows (in thousands):


Cash payments included in the measurement of operating lease liabilities	$	9,321
Right-of-use asset obtained in exchange for operating lease obligations		—

Schedule of operating sublease information

For the year ended December 31, 2019, we have the following operating sublease information (in thousands):


		Year Ended
		December 31, 2019
Fixed sublease expense	$	4,381
Variable sublease expense		829
Sublease income		(5,210)
Net	$	—

Schedule of future minimum lease payments and obligations

At December 31, 2019, future minimum lease payments and obligations under our noncancelable operating lease, net of expected sublease receipts, were as follows (in thousands):


	Operating		Sublease
For years ending December 31,	Lease		Receipts		Net
2020	$	9,694	$	(4,360)	$	5,334
2021		10,082		(4,534)		5,548
2022		10,485		(4,716)		5,769
2023		877		(394)		483
Total minimum payments required	$	31,138	$	(14,004)	$	17,134