| Summary of Lease Costs Recognized under ASC 842 and Other Information Pertaining to Operating Leases |
The following table contains a summary of the lease costs recognized under ASC 842 and other information pertaining to the Corporation’s operating leases for the three and nine months ended September 30, 2021: | | | | | | | Three Months Ended September 30, 2021 | | | (in thousands) | | Operating lease cost | $ | 1,126 | | | Variable lease cost | 123 | | | Short-term lease cost | 15 | | | Sublease income | (650) | | | Total lease cost | $ | 614 | |
| | | | | | | Nine Months Ended September 30, 2021 | | | (in thousands) | | Operating lease cost | $ | 3,351 | | | Variable lease cost | 391 | | | Short-term lease cost | 45 | | | Sublease income | (2,077) | | | Total lease cost | $ | 1,710 | | | Other information | | | Cash paid for amounts included in the measurement of lease liabilities | $ | 3,894 | | | Weighted-average remaining lease term | 4.4 years | | Weighted-average discount rate | 10.26 | % |
|
The following table contains a summary of the lease costs recognized under ASC 842 and other information pertaining to the Corporation’s operating leases for the years ended December 31, 2020 and 2019: | | | | | | | Year ended December 31, 2020 | | (in thousands) | | Operating lease cost | $ | 4,533 | | | Variable lease cost | 632 | | | Short-term lease cost | 20 | | | Sublease income | (3,098) | | | Total lease cost | $ | 2,087 | | | Other information | | | Cash paid for amounts included in the measurement of lease liabilities | $ | 4,979 | | | Weighted-average remaining lease term (in years) | 4.4 | | Weighted-average discount rate | 10.17 | % |
| | | | | | | Year ended December 31, 2019 | | (in thousands) | | Operating lease cost | $ | 4,552 | | | Variable lease cost | 654 | | | Short-term lease cost | 58 | | | Sublease income | (989) | | | Total lease cost | $ | 4,275 | | | Other information | | | Cash paid for amounts included in the measurement of lease liabilities | $ | 4,804 | | | Weighted-average remaining lease term (in years) | 4.8 | | Weighted-average discount rate | 10.05 | % |
|
| Summary of Maturities of Operating Lease Liabilities |
Pursuant to the terms of the Corporation’s non-cancelable lease agreements in effect at December 31, 2020, the following table summarizes the Corporation’s maturities of lease liabilities as of September 30, 2021: | | | | | | | (in thousands) | | 2021 | $ | 1,321 | | | 2022 | 3,001 | | | 2023 | 1,493 | | | 2024 | 1,157 | | | 2025 | 1,149 | | | Thereafter | 2,639 | | | Total lease payments | 10,760 | | | Less: imputed interest | (2,213) | | | Total | $ | 8,547 | |
|
Pursuant to the terms of the Corporation’s non-cancelable lease agreements in effect at December 31, 2020, the following table summarizes the Corporation’s maturities of lease liabilities as of December 31, 2020: | | | | | | | Year ended December 31, 2020 | | (in thousands) | | 2021 | $ | 5,017 | | | 2022 | 2,747 | | | 2023 | 1,408 | | | 2024 | 1,089 | | | 2025 | 1,121 | | Thereafter | 2,649 | | Total lease payments | $ | 14,031 | | Less: imputed interest | (2,887) | | | Total | $ | 11,144 | |
|