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Leases

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

Leases

8. Leases

The components of lease expense are as follows (in thousands):

			Three Months Ended September 30,												Nine Months Ended September 30,
			2023						2022						2023						2022
Operating lease cost			$	3,149					$	3,030					$	9,453					$	8,867
Short-term lease cost			125						32						534						81
Financing lease cost			5						5						15						16
Total lease cost			$	3,279					$	3,067					$	10,002					$	8,964

Supplemental balance sheet information related to operating leases is as follows (in thousands):

			As of,
			September 30, 2023						December 31, 2022
Operating lease ROU assets			$	39,506					$	45,695
Operating lease liabilities, current			14,449						14,864
Operating lease liabilities, non-current			40,016						47,544
Total lease liabilities			$	54,465					$	62,408

Supplemental cash flow information and non-cash activity related to the Company's operating leases are as follows (in thousands):

			Nine Months Ended September 30,
			2023						2022
Cash paid for operating lease liabilities, net of tenant incentives received			$	11,482					$	5,769
ROU assets recognized for new leases and amendments (non-cash)			$	1,299					$	3,452

Other information related to leases is as follows:

			As of,
			September 30, 2023						December 31, 2022
Weighted average remaining lease term			4.3 years						5.0 years
Weighted average discount rate			4.95		%				4.96		%

Future undiscounted annual cash flows for the Company’s operating leases as of September 30, 2023 are as follows (in thousands):

Fiscal Year Ending December 31,			Operating Leases
Remaining portion of 2023			$	3,722
2024			14,288
2025			13,179
2026			13,375
2027			12,692
Thereafter			3,205
Total future undiscounted lease payments			60,461
Less imputed interest			(5,996)
Total lease liabilities			$	54,465

The table above does not include options to extend lease terms that are not reasonably certain of being exercised or leases signed but not yet commenced as of September 30, 2023.

Leases

8. Leases

The components of lease expense are as follows (in thousands):

			Three Months Ended September 30,												Nine Months Ended September 30,
			2023						2022						2023						2022
Operating lease cost			$	3,149					$	3,030					$	9,453					$	8,867
Short-term lease cost			125						32						534						81
Financing lease cost			5						5						15						16
Total lease cost			$	3,279					$	3,067					$	10,002					$	8,964

Supplemental balance sheet information related to operating leases is as follows (in thousands):

			As of,
			September 30, 2023						December 31, 2022
Operating lease ROU assets			$	39,506					$	45,695
Operating lease liabilities, current			14,449						14,864
Operating lease liabilities, non-current			40,016						47,544
Total lease liabilities			$	54,465					$	62,408

Supplemental cash flow information and non-cash activity related to the Company's operating leases are as follows (in thousands):

			Nine Months Ended September 30,
			2023						2022
Cash paid for operating lease liabilities, net of tenant incentives received			$	11,482					$	5,769
ROU assets recognized for new leases and amendments (non-cash)			$	1,299					$	3,452

Other information related to leases is as follows:

			As of,
			September 30, 2023						December 31, 2022
Weighted average remaining lease term			4.3 years						5.0 years
Weighted average discount rate			4.95		%				4.96		%

Future undiscounted annual cash flows for the Company’s operating leases as of September 30, 2023 are as follows (in thousands):

Fiscal Year Ending December 31,			Operating Leases
Remaining portion of 2023			$	3,722
2024			14,288
2025			13,179
2026			13,375
2027			12,692
Thereafter			3,205
Total future undiscounted lease payments			60,461
Less imputed interest			(5,996)
Total lease liabilities			$	54,465

The table above does not include options to extend lease terms that are not reasonably certain of being exercised or leases signed but not yet commenced as of September 30, 2023.

X

- References

No definition available.

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- Definition

The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//842-20/tableOfContent

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X

- Definition

The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//842-20/tableOfContent

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