Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Summary of Lease Expense

The elements of lease expense were as follows:

	Year Ended December 31,
(in thousands)	2024		2023
Operating lease cost	$	7,804	$	7,802
Variable lease cost		2,653		2,618
Total lease cost	$	10,457	$	10,420

Summary of Amounts Reported in Consolidated Balance Sheets and Weight-average Lease Term and Discount Rate Information

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

(in thousands except weighted-average amounts)	December 31, 2024			December 31, 2023
Assets
Operating lease right-of-use assets	$	35,007		$	40,048
Liabilities
Operating lease liabilities, current	$	4,215		$	3,830
Operating lease liabilities, non-current		27,615			31,830
Total lease liabilities	$	31,830		$	35,660
Weighted-Average Lease Term and Discount Rate
Weighted-average remaining lease term (years)		5.7		6.7
Weighted-average discount rate		8.2	%		8.2	%

Summary of Other Lease Activity

The following table represents other lease activity:

	Year Ended December 31,
(in thousands)	2024		2023
Other Information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	6,591	$	6,658

Summary of Future Lease Payments for Noncancelable Leases

Future lease payments for noncancelable leases as of December 31, 2024 were as follows:

(in thousands)	December 31, 2024
2025	$	6,652
2026		6,681
2027		6,882
2028		7,088
2029		7,301
Thereafter		5,602
Total lease payments	$	40,206
Less: imputed interest		(8,376	)
Present value of lease liabilities	$	31,830