Leases (Tables)

9 Months Ended

Sep. 30, 2024

Leases [Abstract]

Schedule of Supplemental Balance Sheet Information

Supplemental balance sheet information related to the Company’s operating leases as of September 30, 2024 and December 31, 2023 was as follows (in thousands):

	September 30, 2024		December 31, 2023
Operating lease ROU assets(1)	$	20,679	$	9,665
Current portion of operating lease liabilities(2)		3,136		4,675
Noncurrent portion of operating lease liabilities(2)		18,680		6,487
Total operating lease liabilities	$	21,816	$	11,162

(1) ROU assets are recorded in other assets on the unaudited Condensed Consolidated Balance Sheets.

(2) Current portion and noncurrent portion of operating lease liabilities are recorded in other liabilities on the unaudited Condensed Consolidated Balance Sheets.

	September 30, 2024			December 31, 2023
Weighted-average remaining lease term	8.4 years			4.0 years
Weighted-average discount rate		6.7	%		4.7	%

Schedule of Components of Lease Expense and Other Lease Information

The components of lease expense and other lease information as of and during the three and nine month periods ended September 30, 2024 and 2023 are as follows (in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Operating lease cost	$	1,261		$	1,293		$	3,869		$	3,897
Short-term lease cost		—			—			—			—
Variable lease cost		302			481			1,293			1,411
Gross lease cost		1,563			1,774			5,162			5,308
Sub-lease income		(153	)		(204	)		(589	)		(610	)
Net lease cost	$	1,410		$	1,570		$	4,573		$	4,698
Other lease information
Cash paid for amounts included in measurement of lease liabilities
Operating cash flows for operating leases	$	1,384		$	1,419		$	4,228		$	4,237

Summary of Maturity of Operating Lease Liabilities

The following table summarizes the maturity of our operating lease liabilities as of September 30, 2024 (in thousands):

	Operating  Leases
2024	$	1,289
2025		3,988
2026		3,757
2027		3,296
2028		2,759
Thereafter		14,379
Total undiscounted lease payments		29,468
Less: imputed interest		7,652
Total lease liabilities	$	21,816