Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2024

Commitments and Contingencies.

Future Minimum Lease Payments

Future minimum annual lease payments under the Company’s noncancelable operating leases as of June 30, 2024 are as follows (in thousands):

	Operating
	Leases
2024 (remaining six months)	$	4,356
2025		5,307
2026		5,466
2027		5,452
2028		5,616
Thereafter		43,439
Total minimum lease payments		69,636
Less: amount representing interest		(34,884)
Present value of operating lease obligations		34,752
Less: current portion		(6,596)
Noncurrent operating lease obligations	$	28,156

Operating leases

The following table summarizes supplemental cash flow information related to the Company’s operating leases for the six months ended June 30, 2024 and 2023 (in thousands):

	Six Months Ended June 30,
		2024	2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	5,149	$	10,608

	June 30, 2024	December 31, 2023
Weighted-average remaining lease term, years	12.25	12.79
Weighted-average discount rate, %	13.9	13.9