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Leases
9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Leases Leases
The Company leases office and manufacturing facilities under non-cancelable operating leases expiring at various dates through November 2028. Some of the Company’s leases include one or more options to renew, with renewal terms that if exercised by the Company, extend the lease term from one to six years. The exercise of these renewal options is at the Company’s discretion. The Company’s lease agreements do not contain any material terms and conditions of residual value guarantees or material restrictive covenants. The Company’s short-term leases and sublease income were not material.
The components of lease expenses were as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Operating lease cost$2,111 $1,722 $6,111 $4,435 
Variable lease cost494 546 1,528 1,616 
Total operating lease cost$2,605 $2,268 $7,639 $6,051 
Supplemental cash flow information related to leases was as follows (in thousands):
Nine Months Ended September 30,
20232022
Cash paid for amounts included in the measurement of lease liabilities:
Cash paid for operating leases included in operating activities$(5,358)$(4,430)
Right of use assets obtained in exchange for lease obligations:
Operating leases3,335 16,749 
Supplemental balance sheet information related to leases was as follows (in thousands):
September 30, 2023December 31, 2022
Operating leases:
Operating lease right-of-use assets$19,660 $21,244 
Operating lease liabilities:
Operating lease liabilities, current$6,475 $5,953 
Operating lease liabilities, non-current15,551 16,989 
Total operating lease liabilities$22,026 $22,942 
Weighted average remaining terms were as follows (in years):
September 30, 2023December 31, 2022
Weighted average remaining lease term
Operating leases4.014.43
Weighted average discount rates were as follows:
September 30, 2023December 31, 2022
Weighted average discount rate
Operating leases5.97 %5.45 %
Maturities of lease liabilities were as follows (in thousands):
Operating Leases
Year Ending December 31,
2023 (remaining three months)
$1,951 
20246,123 
20255,789 
20265,310 
20274,208 
20281,363 
Total lease payments24,744 
Less: imputed interest(2,718)
Total leases liabilities$22,026 
Leases Leases
The Company leases office and manufacturing facilities under non-cancelable operating leases expiring at various dates through November 2028. Some of the Company’s leases include one or more options to renew, with renewal terms that if exercised by the Company, extend the lease term from one to six years. The exercise of these renewal options is at the Company’s discretion. The Company’s lease agreements do not contain any material terms and conditions of residual value guarantees or material restrictive covenants. The Company’s short-term leases and sublease income were not material.
The components of lease expenses were as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Operating lease cost$2,111 $1,722 $6,111 $4,435 
Variable lease cost494 546 1,528 1,616 
Total operating lease cost$2,605 $2,268 $7,639 $6,051 
Supplemental cash flow information related to leases was as follows (in thousands):
Nine Months Ended September 30,
20232022
Cash paid for amounts included in the measurement of lease liabilities:
Cash paid for operating leases included in operating activities$(5,358)$(4,430)
Right of use assets obtained in exchange for lease obligations:
Operating leases3,335 16,749 
Supplemental balance sheet information related to leases was as follows (in thousands):
September 30, 2023December 31, 2022
Operating leases:
Operating lease right-of-use assets$19,660 $21,244 
Operating lease liabilities:
Operating lease liabilities, current$6,475 $5,953 
Operating lease liabilities, non-current15,551 16,989 
Total operating lease liabilities$22,026 $22,942 
Weighted average remaining terms were as follows (in years):
September 30, 2023December 31, 2022
Weighted average remaining lease term
Operating leases4.014.43
Weighted average discount rates were as follows:
September 30, 2023December 31, 2022
Weighted average discount rate
Operating leases5.97 %5.45 %
Maturities of lease liabilities were as follows (in thousands):
Operating Leases
Year Ending December 31,
2023 (remaining three months)
$1,951 
20246,123 
20255,789 
20265,310 
20274,208 
20281,363 
Total lease payments24,744 
Less: imputed interest(2,718)
Total leases liabilities$22,026