Leases (Tables)

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

Schedule of assets and liabilities

Operating and finance lease assets and liabilities are as follows:

(In thousands)	Classification	June 30, 2023		December 31, 2022
Assets
Operating	Right-of-use assets	$	75,063	$	41,535
Finance	Property and equipment, net	18		37
Total leased assets		$	75,081	$	41,572
Liabilities
Current
Operating	Current portion of operating lease liabilities	$	7,218	$	4,302
Finance	Other current liabilities	21		41
Non-current
Operating	Operating lease liabilities	$	76,144	$	43,268
Total leased liabilities		$	83,383	$	47,611

Maturity of lease liabilities

Future minimum lease payments under non-cancellable leases as of June 30, 2023 are as follows:

(In thousands)	Operating Leases		Finance Leases		Total
Remainder of 2023	$	3,576	$	21	$	3,597
2024	10,743		—		10,743
2025	13,677		—		13,677
2026	13,969		—		13,969
2027	14,351		—		14,351
Thereafter	103,229		—		103,229
Total lease payments	$	159,545	$	21	$	159,566
Less: tenant improvement allowances	(25,167)		—		(25,167)
Less: interest	(51,016)		—		(51,016)
Total leased liabilities	$	83,362	$	21	$	83,383

Maturity of lease liabilities

Future minimum lease payments under non-cancellable leases as of June 30, 2023 are as follows:

(In thousands)	Operating Leases		Finance Leases		Total
Remainder of 2023	$	3,576	$	21	$	3,597
2024	10,743		—		10,743
2025	13,677		—		13,677
2026	13,969		—		13,969
2027	14,351		—		14,351
Thereafter	103,229		—		103,229
Total lease payments	$	159,545	$	21	$	159,566
Less: tenant improvement allowances	(25,167)		—		(25,167)
Less: interest	(51,016)		—		(51,016)
Total leased liabilities	$	83,362	$	21	$	83,383