Leases (Tables)

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Summary of Lease Related Assets and Liabilities

The table below presents the lease-related assets and liabilities recorded on the consolidated balance sheet as of June 30, 2022:

	As of
	June 30, 2022			December 31, 2021
	(in thousands)
Right-of-use assets	$	11,486		$	8,194
Lease liabilities included in accrued expenses and other current liabilities		2,205			1,336
Lease liabilities - non-current		8,997			6,398
Total operating lease liabilities	$	11,202		$	7,734
Weighted-average remaining lease term (years)		4.6			5.0
Weighted-average discount rate		4.3	%		4.5	%

Summary of Lease Costs

The table below presents certain information related to the lease costs for operating leases for the three and six months ended June 30, 2022 and 2021:

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
	(in thousands)
Operating lease cost	$	692	$	567	$	1,261	$	882
Short-term lease cost		299		86		833		164
Variable lease cost		260		82		354		165
Total lease cost	$	1,251	$	735	$	2,448	$	1,211

Summary of Undiscounted Cash Flows

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the operating lease liabilities recorded on the consolidated balance sheet as of June 30, 2022:

	(in thousands)
Remainder of 2022	$	1,259
2023		2,781
2024		2,701
2025		2,576
2026		2,242
2027 and beyond		837
Total minimum lease payments		12,396
Less: amount of lease payments representing interest		(1,194	)
Present value of future minimum lease payments		11,202
Less: current obligations under leases		(2,205	)
Long-term lease liabilities	$	8,997