Leases

3 Months Ended

Mar. 31, 2024

We lease various office and retail spaces under non-cancelable operating leases with various expiration dates through fiscal 2034, certain of which contain renewal provisions. These renewal provisions are not reasonably certain to be exercised and therefore are not factored into the determination of lease payments. We have no lease agreements that are classified as finance leases.

The components of lease costs, recognized as selling, general, and administrative expense in the condensed consolidated statements of operations and comprehensive loss, along with the weighted-average lease term and weighted-average discount rate for operating leases, are as follows:


	Three Months Ended March 31,
(in thousands, except for lease term and discount rate)	2024			2023
Operating lease costs	$	4,087		$	4,521
Variable lease costs	52			56
Short-term lease costs	44			33
Sublease income	(68)			(13)
Total lease costs	$	4,115		$	4,596

	March 31, 2024			March 31, 2023
Weighted-average remaining lease term (in years)	6.52			7.52
Weighted-average discount rate	5.89		%	5.32		%

Supplemental cash flow information related to operating leases are as follows:


	Three Months Ended March 31,
(in thousands)	2024		2023
Cash paid for amounts included in the measurement of operating lease liabilities	$	6,217	$	2,014
Right of use assets obtained in exchange for lease liabilities	—		6,827
Right of use assets given up for reduction of lease liabilities	(5,661)		—

Future minimum lease payments under non-cancelable operating leases with initial lease terms in excess of one year, included in our lease liabilities as of March 31, 2024, are as follows:


(in thousands)	Operating Lease Payments (1)
Fiscal year ended December 31,
Remainder of 2024	$	13,627
2025	16,595
2026	15,059
2027	11,036
2028	9,749
Thereafter	31,180
Total undiscounted operating lease payments	$	97,245
Less: imputed discount	17,894
Total operating lease liabilities	$	79,350