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Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to operating leases is as follows (dollars in thousands):

 

 

Three Months Ended

 

 

 

March 31,

 

 

2023

 

 

2022

 

Cash payments for operating leases

 

$

934

 

 

$

910

 

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

 

 

245

 

 

 

1,315

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

March 31,

 

 

2023

 

 

2022

 

Weighted-average remaining lease term

 

6.3 years

 

 

7.1 years

 

Weighted-average discount rate

 

 

8.5

%

 

 

8.3

%

Future Minimum Non-Cancelable Lease Payments Under Operating Leases

Future minimum non-cancelable payments under operating leases as of March 31, 2023, were as follows (in thousands):

 

 

 

Operating Leases

 

2023

 

 

$

2,572

 

2024

 

 

 

3,360

 

2025

 

 

 

3,020

 

2026

 

 

 

3,046

 

2027

 

 

 

3,352

 

Thereafter

 

 

 

7,419

 

Total future lease payments

 

 

$

22,769

 

Less imputed interest

 

 

 

5,652

 

Present value of lease liabilities

 

 

$

17,117

 

 

 

 

 

 

 

Operating Lease Expense

The operating lease expense for the three months ended March 31, 2023 and 2022, were as follows (in thousands):

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2023

 

 

2022

 

Operating lease expense

 

$

773

 

 

$

848