Leases (Tables)

9 Months Ended

Sep. 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):

	September 30, 2024		December 31, 2023
Assets:
Operating lease assets	$	82,910	$	90,417
Liabilities:
Operating lease liabilities	$	8,346	$	5,587
Operating lease liabilities, net of current portion		85,266		91,652
Total operating lease liabilities	$	93,612	$	97,239

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 September 30,					Nine Months Ended September 30,
	2024			2023		2024			2023
Operating lease costs	$	5,701		$	5,544	$	17,177		$	16,496
Short-term lease costs		381			362		1,127			1,102
Variable lease costs		1,801			1,699		5,729			5,643
Sublease income		(814	)		—		(1,884	)		—
Total lease costs	$	7,069		$	7,605	$	22,149		$	23,241

Schedule of Future Payments of Operating Lease Liabilities

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

	As of  September 30, 2024
2024 (remaining 3 months)	$	4,808
2025		19,442
2026		19,983
2027		20,582
2028		20,863
2029 and thereafter		56,994
Total future minimum lease payments	$	142,672
Less: interest		(49,060	)
Present value of operating lease liabilities	$	93,612