Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Lease, Cost

Lease costs were as follows:

	For the Three Months Ended March 31,
(in thousands)	2024		2023
Operating lease cost	$	1,127	$	1,190
Short-term lease cost	—		—
Variable lease cost	14		15
Sublease income	(26)		(32)
Net lease cost	$	1,115	$	1,173

The table below presents other information on the Company's operating leases for the three months ended March 31, 2024 and 2023:

	Three Months Ended March 31,
(in thousands)	2024		2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,071	$	1,113
Right-of-use assets obtained in exchange for new operating lease liabilities	—		309

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 March 31, 2024 are as follows:

(in thousands)
Within one year	$	4,030
After one year but within three years	5,771
After three years but within five years	3,096
After five years	5,381
Total undiscounted cash flows	18,278
Discount on cash flows	(2,458)
Total operating lease liabilities	$	15,820