Quarterly report pursuant to Section 13 or 15(d)

Lease Agreements (Tables)

v3.20.1
Lease Agreements (Tables)
3 Months Ended
Mar. 31, 2020
Lease Agreements  
Schedule of components of operating lease expense

For the three months ended March 31, 2020, the components of our operating lease expense were as follows (in thousands):

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

March 31, 2020

Fixed operating lease expense

    

$

1,340

Variable operating lease expense

 

 

251

Total operating lease expense

 

$

1,591

 

Schedule of supplemental information related to operating lease

Supplemental information related to the Company’s operating lease for the three months ended March 31, 2020 were as follow (in thousands):

 

 

 

 

 

Cash payments included in the measurement of operating lease liabilities

 

$

2,400

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 March 31, 2020 (in thousands):

 

 

 

 

 

Remainder of 2020

 

$

7,294

2021

 

 

10,082

2022

 

 

10,485

2023

 

 

877

Total operating lease payments

 

 

28,738

Less: imputed interest

 

 

(3,653)

Total operating lease liabilities

 

$

25,085

 

Schedule of operating sublease information

For the three months ended March 31, 2020, we have the following operating sublease information (in thousands):

 

 

 

 

 

 

 

Three Months Ended

 

 

 

March 31, 2020

Fixed sublease expense

    

$

1,095

Variable sublease expense

 

 

223

Sublease income

 

 

(1,318)

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 March 31, 2020 (in thousands):

 

 

 

 

 

Remainder of 2020

 

$

3,280

2021

 

 

4,534

2022

 

 

4,716

2023

 

 

394

Total operating lease liabilities

 

$

12,924