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Leases (Tables)
3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Summary of Components of Lease Expense

The components of lease expense were as follows (in thousands):

 

 

For the Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Operating lease cost

 

$

2,538

 

 

$

3,094

 

Short-term lease cost

 

 

375

 

 

 

214

 

Variable lease cost

 

 

1,143

 

 

 

1,230

 

Sublease income

 

 

 

 

 

(130

)

Total lease cost

 

$

4,056

 

 

$

4,408

 

Summary of Additional Lease Information

Additional lease information is summarized in the following table (in thousands, except lease term and discount rate):

 

 

For the Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Cash paid for amounts included in the measurement of operating
   lease liabilities

 

$

3,161

 

 

$

3,630

 

Operating lease ROU assets obtained in exchange for lease
   obligations

 

$

 

 

$

408

 

Weighted-average remaining lease term - operating leases (years)

 

 

3.5

 

 

 

4.1

 

Weighted-average discount rate - operating leases

 

 

4.1

%

 

 

4.2

%

Summary of Future Minimum Lease Payments Under Non-Cancelable Leases

Future minimum lease payments under non-cancelable leases as of March 31, 2025 are as follows (in thousands):

 

 

Operating Lease

 

 

 

Payments

 

2025 (remainder)

 

$

10,420

 

2026

 

 

12,306

 

2027

 

 

5,740

 

2028

 

 

2,911

 

2029

 

 

2,883

 

Thereafter

 

 

3,209

 

Total lease payments

 

 

37,469

 

Less imputed interest

 

 

(2,907

)

Present value of lease liabilities

 

$

34,562

 

 

Summary of Lease Balances

Lease balances as of March 31, 2025 are as follows (in thousands):

Operating lease ROU assets

 

$

24,802

 

 

 

 

 

Short-term operating lease liabilities (1)

 

$

12,563

 

Non-current operating lease liabilities

 

 

21,999

 

Total operating lease liabilities

 

$

34,562

 

 

(1)
Included in accrued expenses and other current liabilities in the Consolidated Balance Sheets.