Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2023

Commitments and Contingencies Disclosure [Abstract]

Future minimum annual lease payments

Future minimum annual lease payments for all operating leases of the Company are as follows as of September 30, 2023 (in thousands):

Remainder of 2023	$	1,348
2024		5,455
2025		5,209
2026		5,152
2027		5,144
Thereafter		13,080
Total undiscounted lease payments		35,388
Less: imputed interest		(5,802	)
Operating lease liabilities		29,586
Less: current portion of operating lease liabilities		(5,090	)
Operating lease liabilities, less current portion	$	24,496

Summary of Weighted-Average Remaining Lease Term and Discount Rate

The Company’s weighted average remaining lease term and weighted average discount rate as of September 30, 2023 and December 31, 2022 are as follows:

	September 30, 2023			December 31, 2022
Weighted-average remaining lease term (years)		6.8			7.7
Weighted-average discount rate		5.5	%		5.5	%

Summary of Operating Leases

Information related to the Company’s operating leases is as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Rent expense	$	1,597	$	1,210	$	4,156	$	3,457
Cash paid for amounts included in measurement of lease liabilities	$	1,317	$	1,032	$	3,767	$	3,183