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Leases (Tables)
6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Summary of Operating Lease Costs

The operating lease costs were as follows (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Operating lease cost

 

$

3,869

 

 

$

2,826

 

 

$

7,907

 

 

$

5,636

 

Operating sublease income

 

 

(594

)

 

 

(385

)

 

 

(1,183

)

 

 

(670

)

Net operating lease cost

 

$

3,275

 

 

$

2,441

 

 

$

6,724

 

 

$

4,966

 

 

Supplemental Cash Flow Information Related to the Company's Leases

Supplemental cash flow information related to the Company’s leases were as follows (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

3,002

 

 

$

2,678

 

 

$

5,868

 

 

$

5,083

 

Right-of-use assets obtained in exchange for operating lease obligations:

 

 

2,499

 

 

 

 

 

 

8,679

 

 

 

4,184

 

Summary of Balance Sheet Classification of Lease Liabilities

The balance sheet classification of the Company’s lease liabilities was as follows (in thousands):

 

 

 

June 30,
2025

 

 

December 31,
2024

 

Operating lease liabilities

 

 

 

 

 

 

Current portion included in accrued liabilities

 

$

11,693

 

 

$

9,958

 

Operating lease liabilities

 

 

44,601

 

 

 

42,037

 

Total operating lease liabilities

 

$

56,294

 

 

$

51,995

 

Summary of Maturities of Lease Liabilities

Maturities of lease liabilities were as follows (in thousands):

 

 

 

Operating Leases

 

Remainder of 2025

 

$

6,184

 

Years ending December 31,

 

 

 

2026

 

 

11,667

 

2027

 

 

11,655

 

2028

 

 

11,192

 

2029

 

 

10,728

 

Thereafter

 

 

12,492

 

Total lease payments

 

 

63,918

 

Less:

 

 

 

Imputed interest

 

 

(7,624

)

Total operating lease liabilities

 

$

56,294