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Leases and Contingencies (Tables)
3 Months Ended
Mar. 31, 2023
Lessee Disclosure [Abstract]  
Summary of Maturities of Operating Lease Liabilities

As of March 31, 2023, operating lease assets were $19.5 million and operating lease liabilities were $23.5 million. The maturities of the Company’s operating lease liabilities as of March 31, 2023 were as follows:

 

 

Minimum Lease

 

Years Ending December 31:

 

Payments

 

2023 (April 1 – December 31)

$

3,674

 

2023

 

4,981

 

2024

 

4,061

 

2025

 

 

3,894

 

2026

 

3,349

 

Thereafter

 

6,735

 

Total future minimum lease payments

 

26,694

 

Less imputed interest

 

3,189

 

Total operating lease liabilities

 

$

23,505

 

 

Included in the Consolidated Balance Sheet:

 

 

 

Current operating lease liability

 

$

3,896

 

Non-current operating lease liability

 

 

19,609

 

Total operating lease liabilities

 

$

23,505

 

Summary of Lease Costs

For the three months ended March 31, 2023 and 2022, the total lease cost was comprised of the following amounts:

 

 

Three Months Ended
March 31,

 

 

 

2023

 

2022

 

Operating lease expense

 

$

1,056

 

$

1,141

 

Short-term lease expense

 

 

4

 

 

9

 

Total lease expense

 

$

1,060

 

$

1,150

 

Lessee Operating Lease Term and Discount Rate

The following summarizes additional information related to operating leases:

 

 

As of

 

 

 

March 31, 2023

 

Weighted-average remaining lease term — operating leases

 

 

3.6

 

Weighted-average discount rate — operating leases

 

 

3.7

%