Leases (Tables)

3 Months Ended

Mar. 31, 2023

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 March 31, 2023:

	As of
	March 31, 2023			December 31, 2022
	(in thousands)
Right-of-use assets	$	10,227		$	10,848
Lease liabilities included in accrued expenses and other current liabilities	2,574			2,485
Lease liabilities - non-current	7,471			8,149
Total operating lease liabilities	$	10,045		$	10,634
Weighted-average remaining lease term (years)	3.8			4.0
Weighted-average discount rate	4.6		%	4.6		%

Summary of Lease Costs

The table below presents certain information related to the lease costs for operating leases for the three months ended March 31, 2023 and 2022:

	Three Months Ended March 31,
	2023		2022
	(in thousands)
Operating lease cost	$	759	$	558
Short-term lease cost	177		534
Variable lease cost	264		94
Total lease cost	$	1,200	$	1,186

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 March 31, 2023:

	(in thousands)
Remainder of 2023	$	2,197
2024	3,060
2025	2,702
2026	2,177
2027	629
2028 and beyond	190
Total minimum lease payments	10,955
Less: amount of lease payments representing interest	(910)
Present value of future minimum lease payments	10,045
Less: current obligations under leases	(2,574)
Long-term lease liabilities	$	7,471