Quarterly report pursuant to Section 13 or 15(d)

Lease Agreements (Tables)

v3.20.2
Lease Agreements (Tables)
6 Months Ended
Jun. 30, 2020
Lease Agreements  
Schedule of components of operating lease expense

For the three and six months ended June 30, 2020, the components of our operating lease expense were as follows (in thousands):

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended 

​

​

Six Months Ended 

​

​

​

June 30, 

​

​

June 30, 

Fixed operating lease expense

    

$

1,340

    

$

2,680

Variable operating lease expense

​

​

216

​

​

467

Total operating lease expense

 

$

1,556

 

$

3,147

Schedule of supplemental information related to operating lease

Supplemental information related to the Company’s operating lease for the three and six months ended June 30, 2020 were as follow (in thousands):

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended 

​

​

Six Months Ended 

​

​

​

June 30, 

​

​

June 30, 

Cash payments included in the measurement of operating lease liabilities

​

$

2,432

​

$

4,832

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

​

​

—

​

​

—

Schedule of future minimum lease payments

The following table presents the future lease payments of our operating lease liabilities as of June 30, 2020 (in thousands):

​

​

​

​

​

​

​

​

Remainder of 2020

​

​

​

​

$

4,863

2021

​

​

​

​

​

10,082

2022

​

​

​

​

​

10,485

2023

​

​

​

​

​

877

Total operating lease payments

​

​

​

​

​

26,307

Less: imputed interest

​

​

​

​

​

(3,004)

Total operating lease liabilities

​

​

​

​

$

23,303

Schedule of operating sublease information

For the three and six months ended June 30, 2020, we have the following operating sublease information (in thousands):

​

​

​

​

​

​

​

​

​

​

Three Months Ended 

​

​

Six Months Ended 

​

​

​

June 30, 

​

​

June 30, 

Fixed sublease expense

    

$

1,095

    

$

2,190

Variable sublease expense

​

​

274

​

​

497

Sublease income

​

​

(1,369)

​

​

(2,687)

Net

 

$

—

 

$

—

Schedule of future lease payments expected to be received under sublease

The following table presents the future lease payments we expect to receive under our sublease as of June 30, 2020 (in thousands):

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​

​

​

​

​

​

​

Remainder of 2020

​

​

​

​

$

2,187

2021

​

​

​

​

​

4,534

2022

​

​

​

​

​

4,716

2023

​

​

​

​

​

394

Total operating lease liabilities

​

​

​

​

$

11,831