Leases (Tables)

9 Months Ended

Sep. 30, 2023

Components of lease expense required by ASC 842 are presented below for the three and nine months ended September 30, 2023 and 2022.


	Three Months Ended September 30,
	2023		2022
	(in thousands)
Lease cost
Operating lease cost	$	1,757	$	1,449
Short-term lease cost	178		283
Variable lease cost	500		230
Total lease cost	$	2,435	$	1,962


	Nine Months Ended September 30,
	2023		2022
	(in thousands)
Lease cost
Operating lease cost	$	4,588	$	4,364
Short-term lease cost	832		863
Variable lease cost	1,583		557
Total lease cost	$	7,003	$	5,784

Schedule of Supplemental Information Required by ASC 842

Supplemental information required by ASC 842 is presented below for the nine months ended September 30, 2023 and 2022.


	Nine Months Ended September 30,
	2023			2022
	(dollar amounts in thousands)
Other information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	4,947		$	4,853
Weighted-average remaining lease term — operating leases	3.5 years			4.2 years
Weighted-average discount rate — operating leases	6.4		%	4.3		%

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 September 30, 2023:


Period/Year	Operating Leases
	(in thousands)
October 1 to December 31, 2023	$	1,877
2024	7,022
2025	6,050
2026	3,200
2027	1,365
2028	1,389
Thereafter	116
Total minimum lease payments	$	21,019
Less: imputed interest	2,150
Present value of lease liabilities	$	18,869