Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Summary of Maturities of Operating Lease Liabilities

The maturities of the Company’s operating lease liabilities as of December 31, 2023 are as follows (amounts in thousands):

As of December 31, 2023	Amount
2024	$	22,585
2025		25,645
2026		25,406
2027		23,944
2028		24,382
2029 and thereafter		79,435
Total future minimum lease payments(1)		201,397
Less lease incentives		(9,765	)
Less amount of lease payment representing interest		(32,595	)
Total operating lease liabilities	$	159,037

(1)The future minimum lease payments include obligations for leases not yet commenced of $26.8 million for manufacturing, office and warehouse facilities. These leases have terms of between 5 and 10 years and commence during the first quarter of 2024.

Summary of Operating Lease Liability

Total operating lease liabilities included on the Company’s consolidated balance sheets are as follows (amounts in thousands):

	December 31,
	2023		2022
Operating lease liability	$	5,631	$	6,957
Operating lease liability, long-term		126,578		131,389
Minimum operating lease payments	$	132,209	$	138,346

Summary of Operating Lease Cost

For the years ended December 31, 2023, 2022 and 2021, total lease cost is comprised of the following:

	For the Years Ended December 31,
Lease Cost	2023		2022		2021
	(Amounts in thousands)
Operating lease cost	$	20,981	$	17,833	$	9,838
Variable operating lease cost		4,075		11,317		7,118
Lease cost	$	25,056	$	29,150	$	16,956

Schedule of Supplemental Disclosure of Cash Flows Related to Operating Leases

The following information represents supplemental disclosure for the consolidated statements of cash flows related to operating leases (amounts in thousands):

	For the Years Ended December 31,
	2023			2022			2021
Operating lease cost	$	(17,862	)	$	(13,757	)	$	(8,863	)

Schedule of Weighted Average Discount Rate and Lease Term Used in Calculating Lease Liabilities

The weighted average remaining lease term and the weighted average discount rate used to measure the Company’s operating lease liabilities as of December 31, 2023, were:

Weighted average remaining lease term (years)	7.74
Weighted average discount rate	4.13	%