Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2024

Commitments and Contingencies.

Future Minimum Lease Payments

Future minimum annual lease payments under the Company’s noncancelable operating leases as of March 31, 2024 are as follows (in thousands):

	Operating
	Leases
2024 (remaining nine months)	$	6,543
2025		5,307
2026		5,466
2027		5,452
2028		5,616
Thereafter		43,440
Total minimum lease payments		71,824
Less: amount representing interest		(35,951)
Present value of operating lease obligations		35,873
Less: current portion		(7,497)
Noncurrent operating lease obligations	$	28,376

Operating leases

	Three Months Ended March 31,
		2024	2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		3,355		5,197

	March 31, 2024	December 31, 2023
Weighted-average remaining lease term, years	12.51	12.79
Weighted-average discount rate, %	13.9	13.9