Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

Summary of Lease Costs and Additional Information Related to Operating Leases

The following table contains a summary of the lease costs recognized under ASC 842 and additional information related to operating leases (in thousands, except weighted average amounts):

	Year Ended December 31,
	2022			2021			2020
Operating lease cost	$	15,910		$	11,921		$	4,591
Short-term lease cost		239			261			459
Variable lease cost		9,937			4,256			2,299
Total lease cost	$	26,086		$	16,438		$	7,349
Other Information
Weighted average remaining lease term (in years)		10.0			10.4			10.6
Weighted average incremental borrowing rate		5.2	%		5.2	%		7.7	%
Cash paid for amounts included in the measurement of operating lease liabilities	$	12,716		$	6,250		$	5,081
ROU assets obtained in exchange for new operating lease liabilities	$	4,046		$	77,187		$	48,495

Schedule of Maturities of Operating Lease Liabilities

The maturity of the Company’s operating lease liabilities as of December 31, 2022 was as follows (in thousands):

	Amounts
2023	$	19,450
2024		18,610
2025		16,303
2026		16,747
2027		16,927
Thereafter		86,994
Total lease payments		175,031
Less: imputed interest		(38,379	)
Less: net tenant improvement allowance yet to be received		(26,294	)
Present value of operating lease liabilities	$	110,358

Schedule of Operating Lease Amounts Recorded in Condensed Consolidated Balance Sheet

The following amounts were recorded in the consolidated balance sheets as of December 31, 2022 and 2021 (in thousands):

	December 31,
	2022		2021
Operating Leases
Prepaid expenses and other current assets (1)	$	17,616	$	49,536
Operating ROU assets		82,557		87,220
Accrued and other liabilities	$	4,137	$	3,927
Operating lease liabilities, noncurrent		123,837		133,561
Total operating lease liabilities	$	127,974	$	137,488

(1)For certain operating leases, lease incentives expected to be received exceeds the minimum lease payments expected to be paid over the next 12 months, therefore the net amount is recorded in prepaid expenses and other current assets.