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Leases (Tables)
6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Schedule of Components of Lease Expense and Other lease Information

For the Three Months

For the Six Months

Ended June 30,

Ended June 30,

(in thousands)

 

2023

 

2022

 

2023

 

2022

Operating lease cost

$

1,239

$

1,256

$

2,508

$

2,414

Variable lease cost

444

349

882

695

Sublease income

(139)

(139)

(277)

(277)

Total lease cost

$

1,544

$

1,466

$

3,113

$

2,832

Cash paid for amounts included in measurement of lease liabilities

Operating cash outflows from operating leases

$

1,357

$

1,278

$

2,755

$

2,600

ROU assets obtained in exchange for new operating lease liabilities

$

943

$

2,431

$

984

$

2,431

Reduction to ROU assets resulting from reduction to lease liabilities

$

$

$

200

$

Other non-cash reductions to ROU assets

$

$

$

$

73

(in thousands)

 

June 30, 2023

 

December 31, 2022

Operating lease ROU assets

$

11,185

$

12,766

Operating lease liabilities

$

12,635

$

14,499

Weighted-average remaining lease term - operating leases

4.18

years 

4.21

years

Weighted-average discount rate - operating leases

1.97

%

2.11

%

Schedule of Future Minimum Lease Payments under Non-cancellable Leases

(in thousands)

 

June 30, 2023

2023

$

2,636

2024

3,827

2025

2,551

2026

1,646

2027

997

2028

704

Thereafter

883

Total future minimum lease payments

$

13,244

Less imputed interest

(609)

Total operating lease liability

$

12,635