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Leases
3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Leases Leases
The Company leases office 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):
Three Months Ended March 31,
20242023
Operating lease cost$2,720 $1,972 
Variable lease cost327 516 
Total operating lease cost$3,047 $2,488 
Supplemental cash flow information related to leases was as follows (in thousands):
Three Months Ended March 31,
20242023
Cash paid for amounts included in the measurement of lease liabilities:
Cash paid for operating leases included in operating activities$(2,336)$(1,695)
Right of use assets obtained in exchange for lease obligations:
Operating leases3,842 1,211 
Supplemental balance sheet information related to leases was as follows (in thousands):
March 31, 2024December 31, 2023
Operating leases:
Operating lease right-of-use assets$46,631 $42,706 
Operating lease liabilities:
Operating lease liabilities, current$11,309 $10,154 
Operating lease liabilities, non-current38,386 35,079 
Total operating lease liabilities$49,695 $45,233 
Weighted average remaining terms were as follows (in years):
March 31, 2024December 31, 2023
Weighted average remaining lease term
Operating leases5.405.61
Weighted average discount rates were as follows:
March 31, 2024December 31, 2023
Weighted average discount rate
Operating leases6.29 %6.45 %
Maturities of lease liabilities were as follows (in thousands):
Operating Leases
Year Ending December 31,
2024 (remaining nine months)
$8,742 
202511,707 
202611,440 
202710,518 
20287,418 
20292,455 
Thereafter6,489 
Total lease payments58,769 
Less: imputed interest(9,074)
Total leases liabilities$49,695 
Leases Leases
The Company leases office 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):
Three Months Ended March 31,
20242023
Operating lease cost$2,720 $1,972 
Variable lease cost327 516 
Total operating lease cost$3,047 $2,488 
Supplemental cash flow information related to leases was as follows (in thousands):
Three Months Ended March 31,
20242023
Cash paid for amounts included in the measurement of lease liabilities:
Cash paid for operating leases included in operating activities$(2,336)$(1,695)
Right of use assets obtained in exchange for lease obligations:
Operating leases3,842 1,211 
Supplemental balance sheet information related to leases was as follows (in thousands):
March 31, 2024December 31, 2023
Operating leases:
Operating lease right-of-use assets$46,631 $42,706 
Operating lease liabilities:
Operating lease liabilities, current$11,309 $10,154 
Operating lease liabilities, non-current38,386 35,079 
Total operating lease liabilities$49,695 $45,233 
Weighted average remaining terms were as follows (in years):
March 31, 2024December 31, 2023
Weighted average remaining lease term
Operating leases5.405.61
Weighted average discount rates were as follows:
March 31, 2024December 31, 2023
Weighted average discount rate
Operating leases6.29 %6.45 %
Maturities of lease liabilities were as follows (in thousands):
Operating Leases
Year Ending December 31,
2024 (remaining nine months)
$8,742 
202511,707 
202611,440 
202710,518 
20287,418 
20292,455 
Thereafter6,489 
Total lease payments58,769 
Less: imputed interest(9,074)
Total leases liabilities$49,695