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Leases (Tables)
3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Summary of Weighted Average Remaining Lease Term and Weighted Average Discount Rate

The weighted-average remaining lease term and weighted-average discount rate related to the Company’s operating leases at March 31, 2022 were as follows:

 

Weighted-average remaining lease term

 

6.9 years

 

Weighted-average discount rate

 

 

2.3

%

Summary of Future Undiscounted Lease Payments

Future undiscounted lease payments, and a reconciliation of these payments to the Company’s operating lease liabilities at March 31, 2022, were as follows (in thousands):

 

Remainder of 2022

 

$

2,000

 

   2023

 

 

3,458

 

   2024

 

 

3,578

 

   2025

 

 

3,703

 

   2026

 

 

2,346

 

   Thereafter

 

 

7,418

 

Total lease payments

 

$

22,503

 

   Less: Imputed interest

 

 

1,728

 

Total lease liabilities

 

$

20,775