Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Lease Expense and Other Information

Lease expense and other information consisted of the following (in thousands, except terms and rates):

	Year Ended December 31,
	2023			2022
Lease expense
Finance lease expense:
Amortization of right-of-use assets	$	7,421		$	8,486
Interest on lease liabilities	1,165			923
Operating lease expense	5,690			5,671
Short-term lease expense	18			27
Total lease expense	$	14,295		$	15,107
Supplemental cash flow information
Finance leases:
Operating cash outflow from finance leases	$	1,165		$	923
Financing cash outflow from finance leases	$	7,530		$	8,709
Finance lease liabilities arising from obtaining finance lease right-of-use assets	$	7,183		$	6,655
Operating leases:
Operating cash outflow from operating leases	$	5,574		$	4,556
Operating lease liabilities arising from obtaining operating lease right-of-use assets	$	154		$	309
Other information
Finance leases:
Weighted-average remaining lease term (years)	1.8
Weighted-average discount rate	10.3		%
Operating leases:
Weighted-average remaining lease term (years)	9.1
Weighted-average discount rate	3.9		%

Operating Lease Liability Maturity

Future maturities of remaining lease payments included in the measurement of operating lease as of December 31, 2023 are as follows (in thousands):

Years ending December 31,
2024	$	5,562
2025	5,701
2026	5,843
2027	5,989
2028	6,139
Thereafter	26,695
Total	55,929
Less: imputed interest	(9,028)
Present value of operating lease obligations	$	46,901

Finance Lease Liability Maturity

Future minimum lease payments for the Company’s finance leases as of December 31, 2023 were as follows (in thousands):

Years ending December 31,
2024	$	7,482
2025	4,519
2026	2,153
2027	—
2028	—
Thereafter	—
Total	14,154
Less amounts representing interest	(1,512)
Present value of finance lease obligations	$	12,642