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Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Components of Leases
As of December 31, 2024 and 2023, the balance sheet components of leases were as follows (in thousands):
December 31, 2024December 31, 2023
Operating lease right-of-use assets$46,463 $42,989 
Accrued liabilities$20,445 $16,707 
Operating lease liabilities29,733 28,178 
Total operating lease liabilities$50,178 $44,885 
Schedule of Lease Cost
The components of operating lease expense were as follows (in thousands):
Twelve Months Ended December 31,
202420232022
Operating lease cost (1)
$25,167 $23,315 $22,800 
Variable lease cost (2)
4,560 4,412 3,930 
Total lease cost$29,727 $27,727 $26,730 
(1)Includes short-term lease costs, which were not material in the years ended December 31, 2024, 2023, and 2022.
(2)Variable lease cost includes common area maintenance, property taxes, utilities and fluctuations in rent due to a change in an index or rate.
The supplemental cash flow information related to operating leases for the twelve months ended December 31, 2024 and 2023 were as follows (in thousands):
Year ended December 31,
20242023
Operating cash flows resulting from operating leases:
Cash paid for amounts included in the measurement of lease liabilities$21,876 $22,844 
New ROU assets obtained in exchange of lease liabilities:
Operating leases$24,966 $27,846 
Other information related to operating leases were as follows:
December 31, 2024December 31, 2023
Weighted-average remaining operating lease term (years)2.63.0
Weighted-average operating lease discount rate6.6 %7.0 %
Schedule of Future Operating Lease Maturities
As of December 31, 2024, maturities of operating lease liabilities were as follows (in thousands):
Year Ending December 31,
2025$23,000 
202618,024 
20278,587 
20284,227 
2029 onwards816 
Total future minimum lease payments54,654 
Less: Imputed interest(4,476)
Present value of lease liabilities$50,178