Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of Lease Cost

The following table summarizes the Company's lease costs in the accompanying consolidated statement of income:

	Year Ended December 31,
	2023		2022
	(in thousands)
Operating lease expense	$	6,171	$	4,522
Short-term lease expense	314		311
Variable lease expense	1,130		817
Total lease expense	$	7,615	$	5,650

Schedule of Supplemental Information Related to Operating Leases

The following table presents supplemental information related to operating leases:

	December 31, 2023			December 31, 2022
	(in thousands, except lease term and discount rate)
Weighted average remaining lease term	4.51 years			4.27 years
Weighted average discount rate	6.2		%	5.3		%
Right-of-use assets obtained in exchange for operating lease liabilities	$	9,995		$	10,727
Cash paid for amounts included in measurement of lease obligations:
Operating cash flows from operating leases	$	5,768		$	4,481

Schedule of Future Lease Payments under Operating Leases

As of December 31, 2023, future lease payments under operating lease were as follows:

	(in thousands)
2024	$	5,980
2025	5,113
2026	5,276
2027	3,993
2028	2,575
Thereafter	1,988
Total future lease payments	24,925
Less: imputed interest	(3,438)
Total lease liability balance	$	21,487