Leases (Tables)

6 Months Ended

Jun. 30, 2024

Leases [Abstract]

Components of Lease Cost

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Lease Cost:
Operating lease cost	$	1,877	$	444	$	3,736	$	888
Variable lease cost	$	586		248		1,258		494
Total lease cost	$	2,463	$	692	$	4,994	$	1,382

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 June 30, 2024
Weighted-average remaining lease term (in years)		7.9
Weighted-average discount rate		6.20	%

Summary of Maturity of Operating Lease Liabilities

Maturity of the Company’s operating lease liabilities in accordance with ASC 842 as of June 30, 2024 were as follows (in thousands):

Period ended December 31,
From July 1, 2024 to December 31, 2024		3,532
2025		6,121
2026		6,494
2027		5,131
2028		4,507
Thereafter		20,652
Total maturities		46,437
Less: Imputed interest		(9,689	)
Present value of operating lease liability		36,748
Less: current portion of operating lease liability		(4,269	)
Total operating lease liability, net of current portion	$	32,479