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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Maturity of Future Payments Of Operating Lease Liabilities

As of December 31, 2023, future payments of operating lease liabilities are as follows (in thousands):

 

 

 

As of December 31, 2023

 

2024

 

$

9,507

 

2025

 

 

10,463

 

2026

 

 

10,944

 

2027

 

 

11,255

 

2028 and thereafter

 

 

53,734

 

Total future payments of operating lease liabilities

 

 

95,903

 

Less: imputed interest

 

 

(33,517

)

Present value of operating lease liabilities

 

$

62,386

 

 

Summary Of presentation of operating lease In consolidated balance sheet

The following table summarizes the presentation in the Company's consolidated balance sheets of its operating leases (in thousands):

 

 

 

As of December 31,

 

 

 

2023

 

 

2022

 

Assets:

 

 

 

 

 

 

Operating lease assets

 

$

63,492

 

 

$

59,102

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

Operating lease liabilities, current

 

 

3,246

 

 

 

3,681

 

Operating lease liabilities, net of current portion

 

 

59,140

 

 

 

53,013

 

Total operating lease liabilities

 

$

62,386

 

 

$

56,694

 

Lease cost in the Company's consolidated statement of operations

The following table summarizes the effect of lease costs in the Company's consolidated statement of operations (in thousands):

 

 

 

Years Ended December 31,

 

 

 

2023

 

 

2022

 

Operating lease costs

 

$

10,626

 

 

$

3,264

 

Short-term lease costs

 

 

44

 

 

 

332

 

Variable lease costs

 

 

5,120

 

 

 

1,551

 

Total lease costs

 

$

15,790

 

 

$

5,147