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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Summary of Total Lease Costs

The Company's total lease costs were as follows (in thousands) for the year ended December 31, 2022:

 

Finance lease costs:

 

 

Right-of-use assets with no alternative future use

$

63,321

 

Amortization of right-of-use assets

 

102

 

Interest on lease liabilities

 

1,720

 

Operating lease costs

 

3,832

 

Short-term lease costs

 

758

 

Variable lease costs

 

1,769

 

Total lease costs

$

71,502

 

Summary of Future Minimum Lease Payments

Future minimum lease payments were as follows (in thousands) as of December 31, 2022:

 

 

Operating Leases

 

Finance Leases

 

2023

 

3,012

 

 

34,092

 

2024

 

6,045

 

 

23,866

 

2025

 

8,161

 

 

2026

 

8,412

 

 

2027

 

8,672

 

 

Thereafter

 

58,873

 

 

Total lease payments

 

93,175

 

 

57,958

 

Less:

 

 

 

 

   Tenant improvement incentive

 

(20,292

)

 

   Imputed interest

 

(38,683

)

 

(4,497

)

Present value of total lease liabilities

$

34,200

 

$

53,461

 

Summary of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases is as follows (in thousands) for the year ended December 31, 2022:

 

 Cash paid for amounts included in the measurement of lease liabilities:

 

 

   Operating cash flows from finance leases

 

1,708

 

   Operating cash flows from operating leases

 

1,947

 

   Financing cash flows from finance leases

 

9,675

 

 Right-of-use assets obtained in exchange for new finance lease liabilities

 

63,321

 

 Right-of-use assets obtained in exchange for new operating lease liabilities

 

29,562

 

Summary of Weighted-Average Remaining Lease Terms and Discount Rates

Weighted-average remaining lease terms and discount rates were as follows as of December 31, 2022:

 

 Weighted-average remaining lease term — finance leases

2.0 years

 Weighted-average remaining lease term — operating leases

11.3 years

 Weighted-average discount rate — finance leases

10.1%

 Weighted-average discount rate — operating leases

9.6%