Leases (Tables)

6 Months Ended

Jun. 30, 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):

	June 30, 2024		December 31, 2023
Assets:
Operating lease assets	$	103,282	$	109,793
Liabilities:
Operating lease liabilities	$	9,195	$	6,677
Operating lease liabilities, net of current portion		100,936		105,715
Total operating lease liabilities	$	110,131	$	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 June 30,					Six Months Ended June 30,
	2024			2023		2024			2023
Operating lease costs	$	5,705		$	5,543	$	11,476		$	10,953
Short-term lease costs		371			372		745			740
Variable lease costs		1,961			2,180		3,928			3,943
Sublease income		(695	)		—		(1,071	)		—
Total lease costs	$	7,342		$	8,095	$	15,078		$	15,636

Schedule of Future Payments of Operating Lease Liabilities

As of June 30, 2024, future payments of operating lease liabilities are as follows (in thousands):

	As of  June 30, 2024
2024 (remaining 6 months)	$	10,912
2025		22,062
2026		22,674
2027		23,347
2028		23,580
2029 and thereafter		65,819
Total future minimum lease payments	$	168,394
Less: interest		(58,263	)
Present value of operating lease liabilities	$	110,131