Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases

Balance Sheet Disclosures

Leases (in thousands)	Classification	December 31, 2023		December 31, 2022
Assets
Operating lease assets	Other assets	$	36,155	$	38,370
Liabilities
Current
Operating	Other current liabilities	$	7,938	$	6,357
Noncurrent
Operating	Other long-term liabilities		33,550		37,143
Total lease liabilities		$	41,488	$	43,500

Components of Lease Expense

The components of operating lease expense were as follows for the years ended December 31 (in thousands):

	Classification	2023		2022		2021
Operating lease expense	Sales, general and administrative expenses (1)	$	6,659	$	4,388	$	3,820
	Research and development expense		3,366		4,315		3,675
Total operating lease expense (2)		$	10,025	$	8,703	$	7,495

(1) An immaterial portion of operating lease expense is included within cost of sales.

(2) Includes short-term leases, which are immaterial.

Other information related to leases was as follows (in thousands, except lease term and discount rate):

	Twelve Months Ended			Twelve Months Ended
	December 31, 2023			December 31, 2022
Supplemental Cash Flows Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	8,846		$	9,216
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases		5,927			21,815
Weighted average remaining lease term:
Operating leases		7.1	years		7.2	years
Weighted average discount rate:
Operating leases		6.05	%		5.44	%

Schedule of Future Minimum Rental Payments For Operating Leases

Future minimum lease payments under non-cancellable leases as of December 31, 2023 were as follows (in thousands):

	Operating
2024		10,234
2025		9,864
2026		6,218
2027		3,915
2028		3,855
Thereafter		19,166
Total minimum lease payments		53,252
Less: Amount representing interest		(11,764)
Present value of lease payments	$	41,488