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Leases (Tables)
3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Schedule of Components of Lease Expense
Components of lease expense required by ASC 842 are presented below for the three months ended March 31, 2023 and 2022.
Three Months Ended March 31,
20232022
(in thousands)
Lease cost
Operating lease cost$1,387 $1,386 
Short-term lease cost232 355 
Variable lease cost450 82 
Total lease cost$2,069 $1,823 
Schedule of Supplemental Information Required by ASC 842
Supplemental information required by ASC 842 is presented below for the three months ended March 31, 2023 and 2022.
Three Months Ended March 31,
20232022
(dollar amounts in thousands)
Other information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases$1,514$1,711
Weighted-average remaining lease term — operating leases4.0 years4.4 years
Weighted-average discount rate — operating leases5.1 %4.2 %
Schedule of Future Minimum Lease Payments
The following is a schedule by calendar year of future minimum lease payments under operating leases that have remaining terms as of March 31, 2023:
Period/YearOperating Leases
(in thousands)
April 1 to December 31, 2023$4,169 
20244,308 
20252,675 
20261,539 
20271,365 
20281,389 
Thereafter116 
Total minimum lease payments$15,561 
Less: imputed lease payments1,507 
Present value of lease liabilities$14,054