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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Summary of Lease Cost Under Operating Leases The following table contains a summary of the lease-related costs recognized within operating expenses, and other information pertaining to the Company’s operating leases as of December 31, 2022 and 2021 (in thousands, where applicable):

 

 

 

2022

 

 

2021

 

Fixed lease cost

 

$

7,693

 

 

$

7,701

 

Variable lease cost

 

 

1,602

 

 

 

1,696

 

Sublease income

 

 

(2,820

)

 

 

(2,746

)

Total lease cost

 

$

6,475

 

 

$

6,651

 

 

 

 

 

 

 

 

Other information

 

 

 

 

 

 

   Operating cash flows used for operating leases

 

$

7,442

 

 

$

7,989

 

   Weighted-average remaining lease term (years)

 

 

6.5

 

 

 

6.0

 

   Weighted-average discount rate

 

 

8.5

%

 

 

8.7

%

Schedule of Future Minimum Base Rent Commitments Under Operating Leases

As of December 31, 2022, future minimum base rent commitments under ASC 842 under the Company’s property leases were as follows (in thousands):

 

Due in:

 

Gross lease payments

 

Gross sublease receipts

 

Net lease payments

 

2023

 

$

6,517

 

$

(2,246

)

$

4,271

 

2024

 

 

6,972

 

 

(2,313

)

 

4,659

 

2025

 

 

6,035

 

 

(2,382

)

 

3,653

 

2026

 

 

4,809

 

 

(2,454

)

 

2,355

 

2027

 

 

3,774

 

 

(2,527

)

 

1,247

 

Thereafter

 

 

12,266

 

 

(6,432

)

 

5,834

 

Total future minimum lease payments

 

$

40,373

 

$

(18,354

)

$

22,019

 

Less: imputed interest

 

 

(14,703

)

 

 

 

 

Total operating lease payments

 

$

25,670