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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Components of Lease Cost for the Sublease

The components of lease cost were as follows:

 

 

Year Ended December 31,

 

(in thousands)

2022

 

 

2021

 

Operating lease cost

$

5,278

 

 

$

2,126

 

Short term lease cost

 

 

 

 

 

Variable lease cost

 

2,113

 

 

 

573

 

Total lease cost

$

7,391

 

 

$

2,699

 

Supplemental Disclosure of Cash Flow Information Related to Leases for the Sublease

Supplemental disclosure of cash flow information for the lease was as follows:

 

 

 

Year Ended December 31,

 

(in thousands)

 

2022

 

Operating cash payments for operating leases

 

$

3,247

 

Schedule of Weighted Average Remaining Lease Term and Discount Rate for the Sublease

The weighted-average remaining lease term and discount rate for the leases were as follows:

 

(in thousands)

 

As of December 31, 2022

 

Weighted-average remaining lease term - operating leases

 

7.25 years

 

Weighted-average discount rate - operating leases

 

 

5.80

%

Schedule of Future Minimum Lease Payments under Non-Cancelable Operating Leases

Future minimum lease payments under the non-cancelable operating leases consisted of the following as of December 31, 2022:

 

Year Ending December 31,

 

(in thousands)

 

2023

 

 

4,733

 

2024

 

 

4,847

 

2025

 

 

4,993

 

2026

 

 

5,143

 

2027

 

 

5,297

 

Thereafter

 

 

12,490

 

Total future minimum lease payments

 

 

37,503

 

Less: imputed interest

 

 

(7,020

)

Present value of lease liabilities

 

$

30,483

 

 

 

 

 

Included in the condensed consolidated balance sheet (in thousands)

 

December 31, 2022

 

Lease liability

 

 

4,610

 

Lease liability, net of current portion

 

 

25,873

 

Total lease liability

 

$

30,483