Leases

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Leases

Leases

The Company leases offices and manufacturing facilities under non-cancelable operating leases expiring at various dates through August 2032. 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):

	Year Ended December 31,
	2023		2022		2021
Operating lease cost	$	8,441	$	6,533	$	4,654
Variable lease cost	1,887		2,230		1,703
Total operating lease cost	$	10,328	$	8,763	$	6,357

Supplemental cash flow information related to leases was as follows (in thousands):

	Year Ended December 31,
	2023		2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Cash paid for operating leases included in operating activities	$	(7,508)	$	(6,070)	$	(4,609)
Right of use assets obtained in exchange for lease obligations:
Operating leases	28,447		16,749		2,876

Supplemental balance sheet information related to leases was as follows (in thousands):

	December 31, 2023		December 31, 2022
Operating leases:
Operating lease right-of-use assets	$	42,706	$	21,244
Operating lease liabilities:
Operating lease liabilities, current	$	10,154	$	5,953
Operating lease liabilities, non-current	35,079		16,989
Total operating lease liabilities	$	45,233	$	22,942

Weighted average remaining terms were as follows (in years):

	December 31, 2023	December 31, 2022
Weighted average remaining lease term
Operating leases	5.61	4.43

Weighted average discount rates were as follows:

	December 31, 2023		December 31, 2022
Weighted average discount rate
Operating leases	6.45	%	5.45	%

Maturities of lease liabilities were as follows (in thousands):

Year Ending December 31,	Operating Leases
2024	$	10,432
2025	10,314
2026	9,961
2027	8,989
2028	6,039
Thereafter	8,315
Total lease payments	54,050
Less: imputed interest	(8,817)
Total leases liabilities	$	45,233

Leases

Leases

The Company leases offices and manufacturing facilities under non-cancelable operating leases expiring at various dates through August 2032. 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):

	Year Ended December 31,
	2023		2022		2021
Operating lease cost	$	8,441	$	6,533	$	4,654
Variable lease cost	1,887		2,230		1,703
Total operating lease cost	$	10,328	$	8,763	$	6,357

Supplemental cash flow information related to leases was as follows (in thousands):

	Year Ended December 31,
	2023		2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Cash paid for operating leases included in operating activities	$	(7,508)	$	(6,070)	$	(4,609)
Right of use assets obtained in exchange for lease obligations:
Operating leases	28,447		16,749		2,876

Supplemental balance sheet information related to leases was as follows (in thousands):

	December 31, 2023		December 31, 2022
Operating leases:
Operating lease right-of-use assets	$	42,706	$	21,244
Operating lease liabilities:
Operating lease liabilities, current	$	10,154	$	5,953
Operating lease liabilities, non-current	35,079		16,989
Total operating lease liabilities	$	45,233	$	22,942

Weighted average remaining terms were as follows (in years):

	December 31, 2023	December 31, 2022
Weighted average remaining lease term
Operating leases	5.61	4.43

Weighted average discount rates were as follows:

	December 31, 2023		December 31, 2022
Weighted average discount rate
Operating leases	6.45	%	5.45	%

Maturities of lease liabilities were as follows (in thousands):

Year Ending December 31,	Operating Leases
2024	$	10,432
2025	10,314
2026	9,961
2027	8,989
2028	6,039
Thereafter	8,315
Total lease payments	54,050
Less: imputed interest	(8,817)
Total leases liabilities	$	45,233