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Leases (Tables)
6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Summary of Operating Lease Assets and Liabilities

The following table summarizes the presentation in the Company’s condensed consolidated balance sheets of its operating leases (in thousands):

 

 

June 30, 2023

 

 

December 31, 2022

 

Assets:

 

 

 

 

 

 

Operating lease assets

 

$

110,283

 

 

$

110,984

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

Operating lease liabilities

 

$

5,470

 

 

$

3,601

 

Operating lease liabilities, net of current portion

 

 

106,706

 

 

 

107,942

 

Total operating lease liabilities

 

$

112,176

 

 

$

111,543

 

Summary of Lease Costs


The following table summarizes the effect of lease costs in the Company’s consolidated statements of operations and comprehensive income (loss) (in thousands):

 

 

Three Months Ended
June 30,

 

Six Months Ended
June 30,

 

 

 

2023

 

 

2022

 

2023

 

 

2022

 

Operating lease costs

 

$

5,543

 

 

$

1,948

 

$

10,953

 

 

$

3,620

 

Short-term lease costs

 

 

372

 

 

 

354

 

 

740

 

 

 

709

 

Variable lease costs

 

 

2,180

 

 

 

1,271

 

 

3,943

 

 

 

2,302

 

Total lease costs

 

$

8,095

 

 

$

3,573

 

$

15,636

 

 

$

6,631

 

Schedule of Future Payments of Operating Lease Liabilities

As of June 30, 2023, future payments of operating lease liabilities are as follows (in thousands):

 

 

As of
 June 30, 2023

 

2023 (remaining 6 months)

 

$

8,600

 

2024

 

$

19,437

 

2025

 

$

21,555

 

2026

 

$

22,155

 

2027 and thereafter

 

$

111,164

 

Total future minimum lease payments

 

$

182,911

 

Less: interest

 

 

(70,735

)

Present value of operating lease liabilities

 

$

112,176