Leases

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Leases

Leases

A significant portion of the Company’s operating lease portfolio includes office space, research and development facilities, IT equipment, and automobiles. The Company’s leases have remaining lease terms of one to nine years. Substantially all lease expense is presented within general and administrative expense in the consolidated statements of operations and is as follows:

	Year Ended December 31,
(in thousands)	2023		2022		2021
Total lease expense	$	1,698	$	2,133	$	2,113

Supplemental cash flow information related to leases is as follows:

	December 31,
(in thousands)	2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from leases	$	1,521	$	2,010
Right-of-use assets obtained in exchange for new operating lease liabilities	$	775	$	1,580

Supplemental balance sheet information related to leases is as follows:

	December 31,
	2023			2022
Weighted-average remaining lease term	3.3 years			4.3 years
Weighted-average discount rate		4.0	%		4.0	%

The following table summarizes future lease payments for operating leases at December 31, 2023:

(in thousands)	Operating leases
2024	$	1,279
2025		969
2026		461
2027		180
2028		191
Thereafter		533
Total lease payments		3,613
Less: portion representing imputed interest		(348	)
Total	$	3,265