Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2024

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 June 30, 2024 (in thousands):

Remainder of 2024	$	3,653
2025		6,866
2026		6,310
2027		6,258
2028		5,785
Thereafter		15,128
Total undiscounted lease payments		44,000
Less: imputed interest		(7,651	)
Operating lease liabilities		36,349
Less: current portion of operating lease liabilities		(6,723	)
Operating lease liabilities, less current portion	$	29,626

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 June 30, 2024 and December 31, 2023 are as follows:

	June 30, 2024			December 31, 2023
Weighted-average remaining lease term (years)		6.7			6.5
Weighted-average discount rate		6.6	%		5.5	%

Summary of Operating Leases

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Rent expense	$	2,040	$	1,315	$	3,505	$	2,559
Cash paid for amounts included in measurement of lease liabilities	$	1,763	$	1,263	$	3,186	$	2,450