Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Components of Lease Cost

The components of lease cost recorded in the Company’s consolidated financial statements were as follows (in thousands):

	Year Ended December 31,
	2023		2022
Lease Cost:
Operating lease cost	$	1,966	$	1,115
Variable lease cost		1,202		3,931
Total lease cost	$	3,168	$	5,046

Summary of Weighted-Average Remaining Lease Term and Discount Rate Related to Operating Leases

The weighted-average remaining lease term and discount rate related to the Company’s operating leases were as follows:

	As of December 31, 2023
Weighted-average remaining lease term (in years)		8.2
Weighted-average discount rate		6.6	%

	As of December 31, 2022
Weighted-average remaining lease term (in years)		1.3
Weighted-average discount rate		8.2	%

Summary of Maturity of Operating Lease Liabilities

Maturity of the Company’s operating lease liabilities in accordance with ASC 842 as of December 31, 2023 were as follows (in thousands):

Year ending December 31,
2024	$	7,387
2025		4,275
2026		4,592
2027		3,173
2028		2,489
Thereafter		12,147
Total maturities		34,063
Less: Imputed interest		(7,182	)
Present value of operating lease liability		26,881
Less: Current portion of operating lease liability		(5,434	)
Total operating lease liability, net of current portion	$	21,447