Leases (Tables)

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

Summary of Lease Related Assets and Liabilities

The table below presents the lease-related assets and liabilities recorded on the condensed consolidated balance sheets as of June 30, 2023 and December 31, 2022:

	As of
	June 30, 2023			December 31, 2022
	(in thousands)
Right-of-use assets	$	9,549		$	10,848
Lease liabilities included in accrued expenses and other current liabilities		2,574			2,485
Lease liabilities - non-current		6,773			8,149
Total operating lease liabilities	$	9,347		$	10,634
Weighted-average remaining lease term (years)		3.6			4.0
Weighted-average discount rate		4.5	%		4.6	%

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, 2023 and 2022:

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
	(in thousands)
Operating lease cost	$	758	$	692	$	1,517	$	1,261
Short-term lease cost		135		299		312		833
Variable lease cost		290		260		567		354
Total lease cost	$	1,183	$	1,251	$	2,396	$	2,448

Cash paid for operating lease liabilities was $0.8 million and $0.7 million for the three months ended June 30, 2023 and 2022, respectively.

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 condensed consolidated balance sheet as of June 30, 2023:

	(in thousands)
Remainder of 2023	$	1,409
2024		3,037
2025		2,701
2026		2,177
2027		629
2028 and beyond		190
Total minimum lease payments		10,143
Less: amount of lease payments representing interest		(796	)
Present value of future minimum lease payments		9,347
Less: current obligations under leases		(2,574	)
Long-term lease liabilities	$	6,773