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Leases
6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Leases
8. Leases
The Company has operating leases primarily for office space. The leases have remaining lease terms of one to eight years, some of which include options to extend the lease for up to an additional six years. The Company's leases do not contain any residual value guarantee.
The following table presents various components of the lease costs (in thousands):
Operating LeasesThree Months Ended June 30,Six Months Ended June 30,
2024202320242023
Operating lease cost$3,333 $2,498 $6,064 $4,992 
Short-term lease cost116 72 217 246 
Variable lease cost949 786 1,860 1,571 
The weighted-average remaining term of the Company's operating leases and the weighted-average discount rate used to measure the present value of the operating lease liabilities are as follows:
Lease Term and Discount RateJune 30, 2024June 30, 2023
Weighted-average remaining lease term (in years)4.74.5
Weighted-average discount rate9.0 %7.9 %
The following table presents supplemental information arising from lease transactions. Cash payments related to short-term leases are not included in the measurement of the operating lease liabilities, and as such, are excluded from the amounts below (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
Supplemental Cash Flow Information:2024202320242023
Cash payments included in the measurement of operating lease liabilities$498 $4,081 $4,001 $6,407 
Operating right-of-use ("ROU") assets obtained in exchange for lease obligations, net of modifications
4,290 — 4,601 — 
As of June 30, 2024, maturities of the operating lease liabilities are as follows (in thousands):
Operating Leases
Remainder of 2024$18 
202511,621 
20268,761 
20277,099 
20286,933 
Thereafter6,105 
Total lease payments40,537 
Less: imputed interest(8,863)
Present value of operating lease liabilities$31,674 
As of June 30, 2024, there were no future payments related to signed leases that have not yet commenced