Leases (Tables)

3 Months Ended

Mar. 31, 2024

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):

	March 31, 2024		December 31, 2023
Assets:
Operating lease assets	$	105,669	$	109,793
Liabilities:
Operating lease liabilities	$	8,833	$	6,677
Operating lease liabilities, net of current portion		103,341		105,715
Total operating lease liabilities	$	112,174	$	112,392

Summary of Lease Costs

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

	Three Months Ended March 31,
	2024			2023
Operating lease costs	$	5,771		$	5,410
Short-term lease costs		374			368
Variable lease costs		1,967			1,763
Sublease income		(376	)		—
Total lease costs	$	7,736		$	7,541

Schedule of Future Payments of Operating Lease Liabilities

As of March 31, 2024, future payments of operating lease liabilities are as follows (in thousands):

	As of  March 31, 2024
2024 (remaining 9 months)	$	16,273
2025	$	22,062
2026	$	22,674
2027	$	23,347
2028	$	23,580
2029 and thereafter	$	65,819
Total future minimum lease payments	$	173,755
Less: interest		(61,581	)
Present value of operating lease liabilities	$	112,174