Leases (Tables)

9 Months Ended

Sep. 30, 2024

Leases [Abstract]

Schedule of Lease Expense and Other Information

Components of lease expense and other information for the periods presented are summarized as follows (in thousands, except terms and rates):

	Three Months Ended September 30,					Nine Months Ended September 30,
	2024			2023		2024		2023
Lease expense
Finance lease expense:
Amortization of right-of-use assets	$	1,714		$	1,823	$	5,264	$	5,571
Interest on lease liabilities	344			290		992		851
Operating lease expense	1,423			1,423		4,268		4,268
Short-term lease expense	11			2		31		13
Total lease expense	$	3,492		$	3,538	$	10,555	$	10,703
Supplemental cash flow information
Finance leases:
Operating cash outflow from finance leases	$	344		$	290	$	992	$	851
Financing cash outflow from finance leases	$	1,743		$	1,859	$	5,285	$	5,666
Finance lease liabilities arising from obtaining finance lease right-of-use assets	$	1,671		$	1,799	$	5,247	$	5,438
Operating leases:
Operating cash outflow from operating leases	$	1,430		$	1,396	$	4,291	$	4,177
Operating lease liabilities arising from obtaining operating lease right-of-use assets	$	—		$	—	$	149	$	154
Other information as of September 30, 2024
Finance leases:
Weighted-average remaining lease term (years)	1.8
Weighted-average discount rate	11.1		%
Operating leases:
Weighted-average remaining lease term (years)	8.3
Weighted-average discount rate	3.9		%

Schedule of Operating Lease Liability Maturity

Future maturities of remaining lease payments included in the measurement of operating lease liabilities as of September 30, 2024 are as follows (in thousands):

Years ending December 31,
Remaining 2024	$	1,430
2025	5,701
2026	5,843
2027	5,989
2028	6,139
Thereafter	26,695
Total	51,797
Less: imputed interest	(7,710)
Present value of operating lease obligations	$	44,087

Schedule of Finance Lease Liability Maturity

Future minimum lease payments for the Company’s finance leases as of September 30, 2024 were as follows (in thousands):

Years ending December 31,
Remaining 2024	$	2,155
2025	6,676
2026	3,960
2027	1,396
2028	—
Thereafter	—
Total	14,187
Less: amounts representing interest	(1,583)
Present value of finance lease obligations	$	12,604