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Leases (Tables)
9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Summary of Lease Costs The following tables contain a summary of the lease costs recognized under ASC 842 and other information pertaining to the Company’s operating leases for the three and nine months ended September 30, 2023 and 2022:

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

 

 

(in thousands)

 

Operating Leases

 

 

 

 

 

 

 

 

 

 

 

 

Lease Costs

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease costs

 

$

593

 

 

$

614

 

 

$

1,779

 

 

$

1,845

 

Short-term lease costs

 

 

39

 

 

 

9

 

 

 

86

 

 

 

24

 

Variable lease costs

 

 

86

 

 

 

32

 

 

 

186

 

 

 

132

 

Total lease costs

 

$

718

 

 

$

655

 

 

$

2,051

 

 

$

2,001

 

Summary of Other Operating Lease Information

 

 

Nine Months Ended
September 30,

 

 

 

2023

 

 

2022

 

 

 

(in thousands, except as specified otherwise)

 

Other Operating Lease Information

 

 

 

 

 

 

Operating cash flows used for operating leases

 

$

1,799

 

 

$

1,334

 

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

 

$

149

 

 

$

56

 

Weighted-average remaining lease term (in years)

 

 

1.70

 

 

 

2.67

 

Weighted-average discount rate

 

 

4.1

%

 

 

4.0

%