Leases (Tables)

9 Months Ended

Sep. 30, 2022

Lease costs were as follows:


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
(in thousands)	2022		2021		2022		2021
Operating lease cost	$	1,248	$	769	$	3,716	$	2,427
Short-term lease cost	—		—		18		—
Variable lease cost	15		22		48		67
Sublease income	$	(32)	$	(30)	(96)		(91)
Net lease cost	$	1,231	$	761	$	3,686	$	2,403

The table below presents other information on the Company's operating leases for the nine months ended September 30, 2022 and 2021:


	Nine Months Ended September 30,
(in thousands)	2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	3,050	$	2,194
Right-of-use assets obtained in exchange for new operating lease liabilities	739		109

Maturity analysis of operating lease liabilities

A maturity analysis of operating lease liabilities and a reconciliation of the undiscounted cash flows to the total operating lease liability at September 30, 2022 are as follows:


(in thousands)
Within one year	$	1,265
After one year but within three years	9,148
After three years but within five years	6,520
After five years	16,255
Total undiscounted cash flows	33,188
Discount on cash flows	(5,964)
Total operating lease liabilities	$	27,224