LEASES (Tables)

9 Months Ended

Sep. 30, 2024

Leases [Abstract]

Summary of Components of Lease Expense

For the three and nine months ended September 30, 2024, the components of the Company’s lease expense were as follows (in thousands):

	Three months ended September 30, 2024		Three months ended September 30, 2023
Operating Lease Cost	$	1,647	$	1,543
Short-term Lease Cost		34		33
Variable Lease Cost		96		78
Sublease Income		—		—
Total Lease Cost	$	1,777	$	1,654

	Nine months ended September 30, 2024		Nine months ended September 30, 2023
Operating Lease Cost	$	4,725	$	4,593
Short-term Lease Cost		104		96
Variable Lease Cost		287		242
Sublease Income		—		(76	)
Total Lease Cost	$	5,116	$	4,855

Summary of Supplemental Balance Sheet Information Related to Leases

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

	Nine months ended September 30, 2024
Weighted-average remaining lease term (in years)		7.23
Weighted average discount rate		7.58	%

	Nine months ended
	September 30, 2024
Cash paid for amounts included in the measurement of lease liabilities		3,533

Summary of Future Undiscounted Cash Flows

Future undiscounted cash flows for each of the next five years and thereafter and reconciliation to the lease liabilities recognized on the unaudited condensed consolidated balance sheet as of September 30, 2024 were as follows (in thousands):

2024	$	1,528
2025		5,746
2026		5,084
2027		3,742
2028		3,055
Thereafter		12,254
Total lease payments	$	31,411
Less: imputed interest		(7,437	)
Present value of lease liabilities	$	23,974