Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Components of Lease Expense

The components of lease expense were as follows for the years ended December 31, 2023, and 2022 (in thousands):

	Years ended December 31,
	2023		2022
Operating lease cost	$	4,173	$	4,152
Short-term lease cost		34		152
Total net lease cost	$	4,207	$	4,304

Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to the Company’s operating leases was as follows for the years ended December 31, 2023, and 2022 (in thousands):

	Years ended December 31,
	2023		2022
Operating cash outflows from operating leases	$	5,589	$	5,184
Right-of-use assets obtained in exchange for operating lease obligations	$	452	$	5,010

Lease Balances within Condensed Consolidated Balance Sheets, Weighted Average Remaining Lease Term, and Weighted Average Discount Rates Related to Operating Leases

The following table presents the lease balances within the Company’s consolidated balance sheets, weighted average remaining lease term, and weighted average discount rates related to the Company’s operating leases as of December 31, 2023 and 2022 (dollars in thousands):

	As of December 31,
	2023			2022
Assets:
Right-of-use assets from operating leases	$	7,135		$	12,606
Liabilities:
Operating lease liabilities - current	$	4,590		$	4,834
Operating lease liabilities - non-current		5,611			11,417
Total operating lease liabilities	$	10,201		$	16,251
Weighted average remaining lease term	3.1 years			3.7 years
Weighted average discount rate		5.0	%		5.3	%

Future Contractual Rent Obligations

The following table presents the Company’s future contractual rent obligations as of December 31, 2023 (in thousands):

2024	$	4,933
2025		2,795
2026		1,428
2027		1,130
2028		694
Thereafter		—
Total operating lease payments		10,980
Less: imputed interest		(779	)
Total operating lease liabilities	$	10,201