Leases (Tables)

9 Months Ended

Sep. 30, 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):

	Nine Months Ended
	September 30,
	2024		2023
Cash payments for operating leases	$	2,674	$	3,257
Right-of-use assets obtained in exchange for operating lease obligations		140		1,099

	September 30, 2024			December 31, 2023
Weighted-average remaining lease term	5.0 years			5.4 years
Weighted-average discount rate		8.6	%		8.5	%

Future Minimum Non-Cancelable Lease Payments Under Operating Leases

Future minimum non-cancelable payments under operating leases as of September 30, 2024, were as follows (in thousands):

	Operating Leases
2024 (remainder)	$	923
2025		3,323
2026		3,170
2027		3,462
2028		3,255
Thereafter		4,172
Total future lease payments	$	18,305
Less imputed interest		3,775
Present value of lease liabilities (1)	$	14,530

(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 and nine months ended September 30, 2024 and 2023, were as follows (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Operating lease expense	$	964	$	877	$	2,929	$	2,595