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Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Summary of Supplemental Information for Lease Amounts Recognized The following table contains a summary of other information pertaining to the Company’s operating lease for the periods presented (in thousands):
Three Months Ended March 31,
20242023
Cash paid for amounts included in measurement of lease liabilities$2,793 $2,996 
As of March 31,
20242023
Weighted average remaining lease term5.1 years6.1 years
Weighted average discount rate9.0 %9.0 %
Summary of Future Minimum Lease Commitments
The following table reconciles the undiscounted cash flows for the next five years and total of the remaining years to the operating lease liabilities recorded in the Condensed Consolidated Balance Sheet as of March 31, 2024 (in thousands):
Year Ended December 31:
2024 (nine months)
$8,624 
202511,793 
202612,182 
202712,584 
2028
13,001 
Thereafter4,381 
Total undiscounted lease payments62,565 
Present value adjustment(12,019)
Net operating lease liability
$50,546