Leases (Tables)

9 Months Ended

Sep. 30, 2024

Leases [Abstract]

Components of Lease Costs

The components of the lease costs for the three and nine months ended September 30, 2024 and 2023, were as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Operating lease costs	$	2,493	$	2,521	$	7,484	$	7,562
Finance lease costs:
Amortization of right-to-use assets, finance leases		314		369		1,109		1,108
Interest expense for finance lease liabilities		52		37		137		133
Variable lease costs		1,421		273		4,011		712
Total lease costs	$	4,280	$	3,200	$	12,741	$	9,515

Supplemental Cash Flow Information Relating to Leases

Supplemental cash flow information relating to the Company’s leases for the nine months ended September 30, 2024, were as follows (in thousands):

	Nine Months Ended September 30,
	2024		2023
Cash paid for amounts included in the measurement    of lease liabilities:
Operating cash flows used in operating leases	$	6,570	$	1,989
Operating cash flows used in finance leases	$	1,010	$	1,001
Financing cash flows used in finance leases	$	137	$	133

Summary of Weighted Average Remaining Lease Terms and Discount Rates

Weighted average remaining lease terms and discount rates as of September 30, 2024 and 2023 were as follows:

	Nine Months Ended September 30,
	2024			2023
Remaining lease term:
Operating lease	9.78 years			10.45 years
Finance lease	2.57 years			2.13 years
Discount Rate:
Operating lease		8.72	%		8.78	%
Finance lease		8.58	%		8.48	%

Summary of Undiscounted Future Lease Payments for Operating and Finance Leases

The undiscounted future lease payments for operating and finance leases as of September 30, 2024, were as follows (in thousands):

Fiscal Year	Operating Leases			Finance Leases
2024 (fourth quarter)	$	2,954		$	354
2025		12,074			1,364
2026		12,436			1,209
2027		12,809			503
2028		13,193			—
Thereafter		74,424			—
Total minimum lease payments	$	127,890		$	3,430
Less amounts representing interest or imputed interest		(42,746	)		(343	)
Present value of lease liabilities	$	85,144		$	3,087