Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Summary of Lease Expense

The elements of lease expense were as follows:

	Three Months Ended March 31,
(in thousands)	2024		2023
Operating lease cost	$	1,951	$	1,953
Variable lease cost		530		597
Total lease cost	$	2,481	$	2,550

Summary of Amounts Reported in Condensed Consolidated Balance Sheets and Weighted-average Lease Term and Discount rate Information

Amounts reported in the condensed consolidated balance sheets and the weighted-average lease term and discount rate information were as follows:

(in thousands except weighted-average amounts)	March 31, 2024			December 31, 2023
Assets
Operating lease right-of-use assets	$	38,816		$	40,048
Liabilities
Operating lease liabilities, current	$	3,957		$	3,830
Operating lease liabilities, non-current		30,782			31,830
Total lease liabilities	$	34,739		$	35,660
Weighted-Average Lease Term and Discount Rate
Weighted-average remaining lease term (years)	6.5			6.7
Weighted-average discount rate		8.2	%		8.2	%

Summary of Other Lease Activity

The following table represents other lease activity:

	Three Months Ended March 31,
(in thousands)	2024		2023
Other Information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	1,639	$	1,544
Right-of-use assets obtained in exchange for lease obligations	$	—	$	270