Operating Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Summary of Components of Lease Expenses

The components of lease expense are as follows for the year ended December 31, 2022 (in thousands):

	Year Ended December 31,
	2022
Operating lease cost	$	5,722
Short term lease cost		444
Variable lease cost		265
Sublease income		(1,406	)
Total lease cost	$	5,025

Summary of Information Related To Leases

Other information related to leases for the year ended December 31, 2022 are as follows (in thousands):

	Year Ended December 31,
	2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	6,395
Right-of-use assets obtained in exchange for new operating lease liabilities		46
Weighted-average remaining lease term (in years):
Operating leases		2.3
Weighted-average discount rate:
Operating leases		1.3	%

Summary of Maturity of Lease Liability

As of December 31, 2022, the maturity of lease liabilities are as follows (in thousands):

	(in thousands)
2023	$	3,526
2024		2,192
2025		885
2026		232
2027		—
Thereafter		—
Total minimum lease payments		6,835
Less: Imputed interest		(89	)
Present value of lease liabilities	$	6,746

Summary of Liabilities and Gains Recognized Upon Termination of Lease Contracts

During the year ended December 31, 2022, the Company terminated five leases. The impact of the lease terminations was as follows (in thousands):

 

	Year Ended December 31,
	2022
Lease termination fees	$	2,045
Right-of-use assets derecognized upon lease termination		4,628
Lease liabilities derecognized upon lease termination		5,267
Gain recognized upon lease termination		642

Summary of Future Minimum Rental Payments Under Non-cancelable Operating Leases

As of December 31, 2021, future minimum rental payments under noncancelable operating leases are as follows (in thousands):

	(in thousands)
2022	$	6,870
2023		5,757
2024		4,466
2025		1,366
2026		—
Thereafter		—
Total	$	18,459