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Leases (Tables)
12 Months Ended
Dec. 31, 2023
Leases [Line Items]  
Summary of Lease Cost

The components of lease expense for the years ended December 31, 2023, 2022 and 2021 were as follows (in thousands):

 

December 31,

 

 

2023

 

 

2022

2021

 

Operating lease costs

$

5,958

 

 

$

12,390

 

 

$

16,386

 

Variable lease costs

 

3,497

 

 

 

2,319

 

 

 

2,110

 

Total lease costs

$

9,455

 

 

$

14,709

 

 

$

18,496

 

Summary of Supplemental Cash Flow and Other Information Related to Leases

The lease term and discount rate consisted of the following as of December 31, 2023, 2022 and 2021:

 

December 31,

 

 

2023

 

 

2022

 

 

2021

 

Weighted-average remaining lease term (years)

 

12.9

 

 

 

13.6

 

 

 

12.9

 

Weighted-average discount rate

 

6.5

%

 

 

6.4

%

 

 

6.3

%

Supplemental cash flow and other information related to leases for the years ended December 31, 2023, 2022 and 2021 were as follows (in thousands):

 

December 31,

 

 

2023

 

 

2022

 

 

2021

 

Cash payments for operating leases

$

5,706

 

 

$

11,933

 

 

$

11,403

 

Operating lease assets obtained in exchange for lease liabilities

 

 

 

 

2,825

 

 

 

2,876

 

Summary of Operating Lease Liabilities

The table below reconciles the undiscounted future minimum lease payments (in thousands) under noncancelable operating leases with terms of more than one year to the total operating lease liabilities recognized on the consolidated balance sheet as of December 31, 2023.

Years Ending December 31:

 

 

2024

 

7,016

 

2025

 

7,178

 

2026

 

7,205

 

2027

 

5,403

 

2028

 

6,465

 

Thereafter

 

51,027

 

Total lease payments

 

84,294

 

Less: Interest

 

(26,710

)

Total

$

57,584