Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Operating Lease Expense

Operating lease expense, included in rent and occupancy in the consolidated statements of operations, were as follows (in thousands):

	Year Ended December 31,
	2023		2022		2021
Operating lease expense	$	3,651	$	4,182	$	3,023
Variable lease expense	924		598		489
Total operating lease expenses (1)	$	4,575	$	4,780	$	3,512
Sublease income (2)	$	784	$	689	$	175

(1) Operating lease expense is included in rent and occupancy in the consolidated statements of operations.

(2) Sublease income is included in other income (expenses), net in the consolidated statements of operations.

Operating Leases

The table below presents additional information related to the Company’s operating leases (in thousands):

	As of December 31,
	2023			2022
Operating lease right-of-use assets	$	4,308		$	5,706
Operating lease liabilities, current	$	2,516		$	3,896
Operating lease liabilities, noncurrent	$	2,707		$	3,541
Weighted-average remaining lease term (in years)	1.9			2.6
Weighted-average discount rate	7.0		%	6.0		%

Future Undiscounted Lease Payments

Future undiscounted lease payments under operating leases as of December 31, 2023 were as follows (in thousands):

	Lease Payment Obligation		Sublease Income		Net Lease Obligation
2024	$	2,810	$	(360)	$	2,450
2025	2,811		(210)		2,601
Total undiscounted lease payments	$	5,621	$	(570)	$	5,051
Less: imputed interest	(398)
Present value of future lease payments	5,223
Less: operating lease liabilities, current	2,516
Operating lease liabilities, noncurrent	$	2,707