Leases (Tables)

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

Schedule of Undiscounted Aggregate Minimum Future Rental Payments

The undiscounted aggregate minimum future rental payments are as follows:

	As of
	September 30,		December 31,
	2023		2022
	(in thousands)
	(unaudited)
2023 (remainder)	$	1,761	$	12,348
2024	13,102		12,732
2025	14,737		14,006
2026	13,026		12,200
2027	13,115		12,270
Thereafter	81,807		78,386
Total lease payments	$	137,548	$	141,942
Plus: tenant incentive allowance utilized to finance leasehold improvements	9,263		9,819
Less: Interest	(41,360)		(44,124)
Present value of operating lease liabilities	$	105,451	$	107,637

Schedule of Weighted Average Remaining Lease Term and Weighted Average Discount Rate for Operating Leases

The weighted average remaining lease term and weighted average discount rate of our operating leases are as follows:

	As of
	September 30,		December 31,
	2023		2022
	(unaudited)
Weighted average remaining lease term in years	10.3		10.8
Weighted average discount rate	7.0	%	6.9	%