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Leases (Tables)
6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Schedule of Lease Cost
The Company recognized the following lease costs in the accompanying condensed consolidated statement of income:
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
(in thousands)(in thousands)
Operating lease expense$2,122 $1,515 $3,942 $2,848 
Short-term lease expense11 24 20 37 
Variable lease expense394 243 767 490 
Total lease expense$2,527 $1,782 $4,729 $3,375 
Schedule of Supplemental Information Related to Operating Leases
The following table presents supplemental information related to operating leases:
June 30, 2024December 31, 2023
Weighted average remaining lease term
4.79 years4.51 years
Weighted average discount rate
6.9 %6.2 %
Six Months Ended June 30,
20242023
(in thousands)
Cash paid for amounts included in measurement of lease obligations:
Operating cash flows from operating leases$3,573 $2,740 
Schedule of Future Lease Payments Under Operating Leases As of June 30, 2024, future lease payments under operating leases were as follows:
(in thousands)
2024 (remainder)$5,014 
202511,550
202611,909
202710,827
20289,617
Thereafter6,216
Total future lease payments55,133
Less: imputed interest(8,521)
Total lease liability balance$46,612