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Leases (Tables) | 9 Months Ended
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Sep. 30, 2024
Leases [Abstract] |
Schedule of Components of Operating Lease Expense | The following table summarizes the components of the Company's operating lease expense for the three and nine months ended September 30, 2024 and 2023:
|  | Three months ended September 30, |  | Nine months ended September 30, |  |
|  | 2024 |  | 2023 |  | 2024 |  | 2023 |  |
|  | in thousands
Operating lease expense (1) |  | $ | 1,882 |  |  | $ | 3,172 |  |  | $ | 5,920 |  |  | $ | 9,472 |  |  |
Short-term lease expense (1) |  | 30 |  |  | 131 |  |  | 100 |  |  | 347 |  |  |
Variable lease expense (1) (2) |  | 1,475 |  |  | 2,031 |  |  | 3,375 |  |  | 3,680 |  |  |
Sublease revenue (3) |  | (344) |  |  | (202) |  |  | (1,000) |  |  | (399) |  |  |
Lease cost, net |  | $ | 3,043 |  |  | $ | 5,132 |  |  | $ | 8,395 |  |  | $ | 13,100 |  |  |
(1) Classified within "General and administrative" on the Condensed Consolidated Statements of Operations. (2) Amounts include payments for maintenance, taxes, insurance, and payments affected by the Consumer Price Index. (3) Classified within "Membership, marketplace and other revenue" on the Condensed Consolidated Statements of Operations. The following tables summarize supplemental balance sheet information related to operating leases as of September 30, 2024 and December 31, 2023:
|  | September 30, |  | December 31,
|  | 2024 |  | 2023
|  | in thousands
Operating lease ROU assets | $ | 45,916 |  |  | $ | 50,515 |
Current lease liabilities (1) | 6,620 |  |  | 6,500 |
Long-term lease liabilities | 44,866 |  |  | 50,459 |
Total operating lease liabilities | $ | 51,486 |  |  | $ | 56,959 |
|  | September 30, |  | December 31,
|  | 2024 |  | 2023
| in thousands
ROU assets obtained in exchange for new operating lease liabilities | $ | 1,055 |  |  | $ | 632 |
Weighted average lease term | 8.39 |  | 9.01
Weighted average discount rate | 4.9 | % |  | 4.8 | %
(1) Current lease liabilities are recorded within "Accounts payable, accrued expenses and other current liabilities" on the Condensed Consolidated Balance Sheets.
Schedule of Maturities of Lease Liabilities | The following table summarizes information about the amount and timing of the Company's future operating lease commitments as of September 30, 2024:
| in thousands
2024 | $ | 2,262 |
2025 | 8,964 |
2026 | 8,292 |
2027 | 7,907 |
2028 | 7,903 |
Thereafter | 28,296 |
Total lease payments | 63,624 |
Less: imputed interest | (12,138) |
Total lease liabilities | $ | 51,486 |

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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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- Definition Tabular disclosure of components of income from operating lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479773/842-30-50-5 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-6A + Details
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