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Leases (Tables)
12 Months Ended
Dec. 31, 2023
Lease, Cost [Abstract]  
Summary of Lease cost

The components of lease cost under ASC 842 were as follows (in thousands):

 

 

Year Ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

Operating lease cost

 

$

2,682

 

 

$

2,896

 

 

$

3,174

 

Short-term lease cost

 

 

318

 

 

 

269

 

 

 

39

 

Variable lease cost

 

 

546

 

 

 

676

 

 

 

596

 

 

 

$

3,546

 

 

$

3,841

 

 

$

3,809

 

 

Summary of Supplemental Disclosure of Cash Flow Information Related to Leases

Supplemental disclosure of cash flow information related to leases was as follows (in thousands):

 

 

Year Ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

  Cash paid for amounts included in the measurement
       of operating lease liabilities

 

$

3,190

 

 

$

3,194

 

 

$

3,271

 

   Operating lease liabilities arising from obtaining
        right-of-use assets

 

$

 

 

$

1,096

 

 

$

383

 

Summary of Weighted-Average Remaining Lease Terms and Discount Rates

The weighted-average remaining lease term and discount rate were as follows:

 

 

December 31,

 

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

Weighted-average remaining lease term - operating leases (in years)

 

 

0.8

 

 

 

2.93

 

Weighted-average discount rate - operating leases

 

 

4.74

%

 

 

4.59

%

Summary of Future Annual Lease Payments under the Company Leases

Future annual lease payments under the Company’s leases as of December 31, 2023 were as follows (in thousands):

Years ending December 31,

 

 

 

 

 

2024

 

 

 

$

2,128

 

2025

 

 

 

 

70

 

  Total future minimum lease payments

 

 

 

 

2,198

 

      Less: imputed interest

 

 

 

 

(38

)

  Total operating lease liabilities

 

 

 

$

2,160

 

Summary of Classification of Total Operating Lease Liabilities on Consolidated Balance Sheet

Total operating lease liabilities in the table above are classified on the consolidated balance sheet as follows (in thousands):

 

 

 

 

December 31, 2023

 

Current operating lease liabilities

 

 

 

$

2,090

 

Operating lease liabilities, net of current portion

 

 

 

 

70

 

Total operating lease liabilities

 

 

 

$

2,160