XML 74 R36.htm IDEA: XBRL DOCUMENT v3.24.1
Operating Leases (Tables)
12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Components of Lease Expense

The components of lease expense were as follows (in thousands):

 

Year Ended December 31,

 

2023

 

 

2022

 

Lease cost

 

 

 

 

 

Operating lease cost

$

2,666

 

 

$

1,978

 

Variable lease cost

 

753

 

 

 

121

 

Short-term lease cost

 

499

 

 

 

1,681

 

Total lease cost

$

3,918

 

 

$

3,780

 

 

Other information

 

 

 

 

 

Operating lease right-of-use asset obtained in exchange for new operating lease liabilities

$

 

 

$

14,497

 

Cash paid for amounts included in the measurement of lease liabilities, included in operating cash flows

$

2,516

 

 

$

663

 

Weighted-average remaining lease term (in years)

 

9.00

 

 

 

10.00

 

Weighted-average discount rate

 

9.40

%

 

 

9.40

%

Maturities of Lease Liabilities

Maturities of lease liabilities as of December 31, 2023, were as follows (in thousands):

 

Years Ending December 31,

 

Operating Lease Payments

 

 

Sublease Receipts

 

 

Net Operating Lease Payments

 

2024

 

$

3,185

 

 

$

1,844

 

 

$

1,341

 

2025

 

 

3,278

 

 

 

1,898

 

 

 

1,380

 

2026

 

 

3,375

 

 

 

437

 

 

 

2,938

 

2027

 

 

3,473

 

 

 

 

 

 

3,473

 

2028

 

 

3,575

 

 

 

 

 

 

3,575

 

Thereafter

 

 

15,383

 

 

 

 

 

 

15,383

 

Total undiscounted payments

 

$

32,269

 

 

$

4,179

 

 

$

28,090

 

Less: present value adjustment

 

 

(10,938

)

 

 

 

 

 

 

Present value of future payments

 

 

21,331

 

 

 

 

 

 

 

Less: current portion of operating lease liabilities

 

 

(1,232

)

 

 

 

 

 

 

Operating lease liabilities, net of current portion

 

$

20,099