Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [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,
	2024		2023
Cash payments for operating leases	$	968	$	934
Right-of-use assets obtained in exchange for operating lease obligations		140		245

	Three Months Ended
	March 31,
	2024			2023
Weighted-average remaining lease term	5.2 years			6.3 years
Weighted-average discount rate		8.5	%		8.5	%

Future Minimum Non-Cancelable Lease Payments Under Operating Leases

Future minimum non-cancelable payments under operating leases as of March 31, 2024, were as follows (in thousands):

	Operating Leases
2024	$	2,714
2025		3,314
2026		3,162
2027		3,455
2028		3,255
Thereafter		4,172
Total future lease payments	$	20,072
Less imputed interest		4,415
Present value of lease liabilities (1)	$	15,657

(1) Lease liabilities include those operating leases that we plan to sublease as a part of our facilities consolidation restructuring efforts.

Operating Lease Expense

The operating lease expense for the three months ended March 31, 2024 and 2023, were as follows (in thousands):

	Three Months Ended
	March 31,
	2024		2023
Operating lease expense	$	964	$	773