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Leases (Tables)
9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Schedule of Lease Cost and Supplemental Lease Information
Operating lease expense is recorded on a straight-line basis over the lease term. During the three and nine months ended September 30, 2024 and 2023, lease costs were as follows:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202320242023
(in thousands)
Operating lease cost$1,415 $1,065 $3,915 $2,785 
Variable lease cost141 56 372 318 
Short-term lease cost131 92 307 288 
Total lease cost$1,687 $1,213 $4,594 $3,391 
Supplemental information related to operating lease transactions is as follows:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202320242023
(in thousands)
Lease liability payments$1,307 $1,024 $3,650 $2,664 
Lease assets obtained in exchange for liabilities$2,756 $369 $5,295 $5,005 
Non-cash net change in lease assets due to lease modifications$150 $(8)$98 $18 
Non-cash net change in lease liability due to lease modifications$(791)$$(739)$(18)
Weighted average remaining lease term and discount rate as of September 30, 2024 and December 31, 2023 is as follows:
As of
September 30,
2024
December 31,
2023
Weighted average remaining lease term, in years3.23.4
Weighted average discount rate7.8 %7.0 %
Schedule of Operating Lease Maturities
As of September 30, 2024, operating lease liabilities will mature as follows:
Lease Payments
(in thousands)
2024 (excluding nine months ended September 30, 2024)
$1,404 
20254,973 
20263,693 
20272,932 
20281,114 
Thereafter569 
Total lease payments14,685 
Less: imputed interest(1,857)
Total$12,828