Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Summary of Operating and Finance Lease Activities

The following table summarizes the operating and finance lease activities to the income statement and balance sheet for the year ended December 31, 2024 and 2023:

(in thousands)		Year ended December 31,
Operating lease cost	Classification	2024		2023
Operating lease cost	Occupancy and related expenses, and General and administrative expenses	$	11,937	$	9,463
Variable lease cost	Occupancy and related expenses, and General and administrative expenses		5,913		5,495
Total operating lease cost		$	17,850	$	14,958

Supplemental balance sheet information related to leases:
Operating leases (in thousands)	December 31, 2024		December 31, 2023
Operating lease assets	$	131,542	$	99,255
Operating lease liabilities, current		5,221		4,535
Operating lease liabilities, net of current portion		147,898		110,501
Total operating lease liabilities	$	153,119	$	115,036

Finance lease assets, net (in thousands)	December 31, 2024			December 31, 2023
Property and equipment	$	447		$	902
Accumulated depreciation		(446	)		(861	)
Property and equipment, net	$	1		$	41

Finance lease liabilities (in thousands)	December 31, 2024		December 31, 2023
Obligations under finance leases, current	$	26	$	125
Obligations under finance leases, net of current portion		—		—
Total finance lease liabilities	$	26	$	125

	December 31, 2024
Weighted-Average Remaining Lease Term (Years)		-
Operating leases		15.6
Finance leases		-
Weighted-Average Discount Rate
Operating leases		6.98	%
Finance leases		-

Schedule Maturities of Lease Liabilities

Maturities of lease liabilities as of December 31, 2024:

(in thousands)	Operating Leases			Finance Leases
2025	$	14,776		$	26
2026		15,431			—
2027		15,752			—
2027		15,982			—
2028		16,253			—
Thereafter		183,658			—
Total undiscounted lease payments	$	261,852		$	26
Present value discount/interest		(108,733	)		—
Present value		153,119			26
Lease liabilities, current		5,221			26
Lease liabilities, net of current		147,898			—
Total operating lease liability	$	153,119		$	26

Gross Amounts of Property and Equipment and Related Accumulated Depreciation and Amortization Recorded under Finance Leases

On December 31, 2024 and December 31, 2023 the gross amounts of property and equipment and related accumulated depreciation and amortization recorded under finance leases were as follows:

(in thousands)	December 31, 2024			December 31, 2023
Property and equipment		447			902
Less accumulated depreciation and amortization		(446	)		(861	)
Property and equipment, net	$	1		$	41