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Leases (Tables)

3 Months Ended

Mar. 31, 2023

Leases [Abstract]

Summary of Total Lease Costs

The Company’s total lease costs were as follows (in thousands):


	Three Months Ended March 31,
	2023			2022
Finance lease costs:
Right-of-use assets with no alternative future use	$	1,705		$	—
Amortization of right-of-use assets		25		—
Interest on lease liabilities		1,031		—
Operating lease costs		1,714			163
Short-term lease costs		8			377
Variable lease costs		1,435			14
Total lease costs	$	5,918		$	554

Summary of Future Minimum Lease Payments

Future minimum lease payments were as follows (in thousands) as of March 31, 2023:


	Operating Leases			Finance Leases
Remainder of 2023	$	3,593		$	29,123
2024		7,554			24,722
2025		8,161		—
2026		8,412		—
2027		8,672		—
2028		8,939		—
Thereafter		49,934		—
Total lease payments		95,265			53,845
Less:
Tenant improvement incentive		(22,160	)	—
Imputed interest		(36,164	)		(3,138	)
Present value of total lease liabilities	$	36,941		$	50,707

Summary of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases is as follows (in thousands):


	Three Months Ended March 31,
	2023			2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	1,124		$	—
Operating cash flows from operating leases		757			206
Financing cash flows from finance leases		4,929		—
Right-of-use assets obtained in exchange for new finance lease liabilities		1,705		—
Right-of-use assets obtained in exchange for new operating lease liabilities		1,296			3,308

Summary of Weighted-Average Remaining Lease Terms and Discount Rates

Weighted-average remaining lease terms and discount rates were as follows as of March 31, 2023:


Weighted-average remaining lease term — finance leases	1.8 years
Weighted-average remaining lease term — operating leases	11.1 years
Weighted-average discount rate — finance leases	9.4%
Weighted-average discount rate — operating leases	9.1%