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Leases (Tables)
6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Schedule of Supplemental Information Related to Leases
Supplemental information related to leases is presented in the table below (in thousands, except weighted-average term and discount rate):
Three Months Ended
June 30,
Six Months Ended
June 30,
2024202320242023
Operating lease cost$2,977 $2,871 $5,953 $5,621 
Cash paid for amounts included in the measurement of operating lease liabilities3,530 3,434 6,751 6,796 
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities272 188 2,915 4,115 
June 30,
2024
December 31,
2023
Weighted-average remaining lease term — operating leases3.0 years3.0 years
Weighted-average discount rate — operating leases5.3 %4.9 %
Schedule of Maturities of Lease Liabilities
Maturities of lease liabilities are as follows (in thousands):
Year Ended December 31,
Operating Leases(1)
Remainder of 2024$7,093 
202512,598 
20267,827 
20272,500 
20281,841 
2029 and thereafter1,904 
Total lease payments33,763 
Less: imputed interest(2)
3,626 
Present value of lease liabilities$30,137 
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(1)Excludes $6.4 million of legally binding minimum lease payments for leases executed but not yet commenced. There are no options to extend lease terms that were reasonably certain of being exercised included in these balances.
(2)Imputed interest was calculated using the incremental borrowing rate applicable for each lease.