Leases (Tables)

9 Months Ended

Sep. 30, 2022

The following table summarizes total lease costs for the period. As the Company adopted ASC 842 as of January 1, 2022, rent expense recognized in accordance with ASC 840 is reported as operating lease cost for the comparative period in 2021.



	Three Months Ended				Nine Months Ended
	September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021
Operating lease costs	$	874	$	867	$	2,350	$	2,452
Variable lease costs	—		—		—		—
Short-term lease costs	55		—		227		—
Total lease costs	$	929	$	867	$	2,577	$	2,452

The following table presents other supplemental information related to the Company’s operating leases:


	Three Months Ended			Nine Months Ended
	September 30, 2022			September 30, 2022
Cash paid for operating lease liabilities	$	825		$	2,112
Right-of-use assets obtained in exchange for new lease liabilities	3,739			7,368

Weighted average remaining lease term (in years)	2.9			2.9
Weighted average discount rate	5.2		%	5.2		%

Supplemental Balance Sheet Information

The following table presents supplemental balance sheet information related to the Company’s operating leases:


	September 30, 2022		December 31, 2021
Right-of-use assets	$	14,783	$	—

Short-term lease liabilities	$	3,484	$	—
Long-term lease liabilities	11,379		—
Total lease liabilities	$	14,863	$	—

Schedule of Future Minimum Rental Payments for Operating Leases

As of September 30, 2022, the future annual minimum lease payments for operating lease liabilities under ASC 842 are as follows:


Year	Total
Remainder of 2022	$	818
2023	3,713
2024	3,516
2025	2,958
2026	2,339
Thereafter	4,551
Total lease payments	$	17,895
Less: imputed interest	3,032
Present value of operating lease liabilities	$	14,863