Leases (Tables)

3 Months Ended

Mar. 31, 2023

Leases [Abstract]

Schedule of Total Lease Costs

Total lease costs for the three months ended March 31, 2023 and 2022 were (dollars in thousands):

	Three Months Ended March 31, 2023		Three Months Ended March 31, 2022
Finance lease cost
Amortization of right-of-use assets	$	91	$	500
Interest on lease liabilities	96		177
Total finance lease cost	187		677
Operating lease cost	1,481		882
Variable lease cost	112		134
Total lease cost	$	1,780	$	1,693

Supplemental information and non-cash activities related to operating and finance leases are as follows (dollars in thousands):

	Three Months Ended March 31, 2023		Three Months Ended March 31, 2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	1,323	$	833
Operating cash flows from finance leases	96		177
Financing cash flows from finance leases	335		466
	$	1,754	$	1,476
Lease liabilities arising from new right-of-use assets
Operating leases	$	—	$	8,206
Finance leases	$	—	$	—

	As of March 31, 2023		As of December 31, 2022
Weighted average remaining lease term (in years)
Operating leases	6.2		6.4
Finance leases	4.8		5.0
Weighted average discount rate
Operating leases	15.6	%	15.6	%
Finance leases	5.0	%	5.0	%

Schedule of Maturities of Operating Lease Liabilities

The following table summarizes future lease payments as of March 31, 2023 (dollars in thousands):

Fiscal year	Operating Leases		Finance Leases
2023 (nine months)	$	4,151	$	1,292
2024	5,496		1,757
2025	5,257		1,792
2026	5,216		1,828
2027	2,896		1,864
Thereafter	9,284		—
Total	32,300		8,533
Less: Imputed Interest	12,293		934
Present value of net lease payments	20,007		7,599
Lease liability, current portion	$	2,609	$	1,390
Lease liability, net of current portion	17,398		6,209
Total lease liability	$	20,007	$	7,599

Schedule of Maturities of Finance Lease Liabilities

The following table summarizes future lease payments as of March 31, 2023 (dollars in thousands):

Fiscal year	Operating Leases		Finance Leases
2023 (nine months)	$	4,151	$	1,292
2024	5,496		1,757
2025	5,257		1,792
2026	5,216		1,828
2027	2,896		1,864
Thereafter	9,284		—
Total	32,300		8,533
Less: Imputed Interest	12,293		934
Present value of net lease payments	20,007		7,599
Lease liability, current portion	$	2,609	$	1,390
Lease liability, net of current portion	17,398		6,209
Total lease liability	$	20,007	$	7,599