Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Summary of lease costs

The elements of lease costs were as follows (in thousands):

	Years Ended December 31,
	2023		2022
Lease cost:
Operating lease cost	$	10,030	$	10,031
Variable lease cost	1,979		2,026
Sublease income	(2,577)		(1,481)
Total lease cost	$	9,432	$	10,576

Summary of lease term and incremental borrowing rate

The following table summarizes the lease term and incremental borrowing rate applied in arriving at the lease liability:

	As of December 31,
	2023		2022
Remaining lease term	8.1 years		9.1 years
Incremental borrowing rate	5.3	%	5.3	%

Summary of future lease payments

Future lease payments under non-cancelable leases as of December 31, 2023 for each of the years ending December 31 are as follows (in thousands):

Undiscounted lease payments:
2024	$	8,828
2025	9,093
2026	9,366
2027	9,646
2028	11,362
Thereafter	40,751
Total undiscounted lease payments	89,046
Less: imputed interest	(18,070)
Total operating lease liability as of December 31, 2023	$	70,976