Leases (Tables)

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

Summary of Total Lease Costs

The Company’s total lease costs were as follows (in thousands):

	Three Months Ended June 30,					Six Months Ended June 30,
	2023			2022		2023		2022
Finance lease costs:
Right-of-use assets with no alternative future use	$	(443	)	$	—	$	1,262	$	—
Amortization of right-of-use assets		25		—			50	—
Interest on lease liabilities		880		—			1,906	—
Operating lease costs		1,354			664		3,068		827
Short-term lease costs		8			380		16		757
Variable lease costs		1,707			152		3,142		166
Total lease costs	$	3,531		$	1,196	$	9,444	$	1,750

Summary of Future Minimum Lease Payments

Future minimum lease payments were as follows (in thousands) as of June 30, 2023:

	Operating Leases			Finance Leases
Remainder of 2023	$	2,830		$	24,616
2024		7,554			24,722
2025		8,161		—
2026		8,412		—
2027		8,672		—
2028		8,939		—
Thereafter		49,934		—
Total lease payments		94,502			49,338
Less:
Tenant improvement incentive		(12,864	)	—
Imputed interest		(34,889	)		(2,452	)
Present value of total lease liabilities	$	46,749		$	46,886

Summary of Supplemental Cash Flow Information Related to Leases

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

	Six Months Ended June 30,
	2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	3,286	$	—
Operating cash flows from operating leases		1,519		773
Financing cash flows from finance leases		8,307	—
Right-of-use assets obtained in exchange for new finance lease liabilities		1,702	—
Right-of-use assets obtained in exchange for new operating lease liabilities		1,296		27,722

Summary of Weighted-Average Remaining Lease Terms and Discount Rates

Weighted-average remaining lease terms and discount rates were as follows as of June 30, 2023:

Weighted-average remaining lease term — finance leases	1.5 years
Weighted-average remaining lease term — operating leases	10.8 years
Weighted-average discount rate — finance leases	10.6%
Weighted-average discount rate — operating leases	9.1%