Leases

12 Months Ended

Dec. 31, 2023

Leases

Leases

5. Leases 

All leases were classified as operating leases as of December 31, 2023 and 2022.

Components of operating lease expense were as follows (in thousands): 

	Year Ended December 31,
	2023		2022
Operating lease cost	$	4,852	$	4,126
Variable lease cost	$	154	$	107
Short-term lease cost	$	363	$	232

Supplemental information related to operating leases was as follows (in thousands): 

	Year Ended December 31,
	2023		2022
Operating cash flows from operating leases	$	4,577	$	3,899
Right-of-use assets obtained in exchange for new operating lease liabilities	$	4,252	$	9,598

As of December 31, 2023, the Company's operating leases had a weighted average remaining lease term of 7.3 years and a weighted average discount rate of 7.5%. 

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

2024	$	3,760
2025		3,474
2026		3,182
2027		2,427
2028		2,214
Thereafter		8,476
Total undiscounted future lease payments	$	23,533
Less imputed interest		5,865
Total lease liability balance	$	17,668

As of December 31, 2023, the Company did not enter into leases that have not yet commenced. As of December 31, 2022, the Company entered into leases that have not yet commenced with future lease payments of $2.3 million. These leases commenced during the year ended December 31, 2023 with non-cancelable lease terms of 3 to 5 years.