Leases

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

Leases

Leases

The components of lease expense were as follows:

	Three Months Ended June 30,		Six Months Ended June 30,
	2023		2023
Operating lease cost	$	886	$	1,669
Short-term lease cost	431		799
Variable lease cost	1,484		3,026
Total lease cost	$	2,801	$	5,494

	Three Months Ended June 30,		Six Months Ended June 30,
	2023		2023
Amortization of lease assets	$	570	$	1,141
Interest on lease liabilities	23		51
Total finance lease cost	$	593	$	1,192

Weighted-average remaining lease term and discount rate were as follows:

	As of June 30,
	2023
Weighted-average remaining lease term (in years)
Operating leases	3.5
Finance leases	1.2
Weighted-average discount rate
Operating leases	5.1	%
Finance leases	3.9	%

Future minimum amounts payable as of June 30, 2023 were as follows:

As of June 30, 2023	Operating Leases		Finance Leases
Remainder of 2023	$	1,998	$	1,137
2024	3,637		866
2025	3,080		194
2026	2,629		—
2027	1,173		—
Thereafter	154		—
Total lease payments	12,671		2,197
Less: imputed interest	(776)		(98)
Total lease liabilities	$	11,895	$	2,099

As of June 30, 2023 the Company had no additional operating or finance leases that have not yet commenced.

Rent expense related to the Company’s office facilities was $1,318 and $2,469 for the three and six months ended June 30, 2023, respectively. Rent expense related to the Company’s office facilities was $1,108 and $2,443 for the three and six months ended June 30, 2022, respectively.

Leases

Leases

The components of lease expense were as follows:

	Three Months Ended June 30,		Six Months Ended June 30,
	2023		2023
Operating lease cost	$	886	$	1,669
Short-term lease cost	431		799
Variable lease cost	1,484		3,026
Total lease cost	$	2,801	$	5,494

	Three Months Ended June 30,		Six Months Ended June 30,
	2023		2023
Amortization of lease assets	$	570	$	1,141
Interest on lease liabilities	23		51
Total finance lease cost	$	593	$	1,192

Weighted-average remaining lease term and discount rate were as follows:

	As of June 30,
	2023
Weighted-average remaining lease term (in years)
Operating leases	3.5
Finance leases	1.2
Weighted-average discount rate
Operating leases	5.1	%
Finance leases	3.9	%

Future minimum amounts payable as of June 30, 2023 were as follows:

As of June 30, 2023	Operating Leases		Finance Leases
Remainder of 2023	$	1,998	$	1,137
2024	3,637		866
2025	3,080		194
2026	2,629		—
2027	1,173		—
Thereafter	154		—
Total lease payments	12,671		2,197
Less: imputed interest	(776)		(98)
Total lease liabilities	$	11,895	$	2,099

As of June 30, 2023 the Company had no additional operating or finance leases that have not yet commenced.

Rent expense related to the Company’s office facilities was $1,318 and $2,469 for the three and six months ended June 30, 2023, respectively. Rent expense related to the Company’s office facilities was $1,108 and $2,443 for the three and six months ended June 30, 2022, respectively.