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Leases (Tables) | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Schedule of Lease, Cost | Operating lease expense consisted of:
|  |  | Year ended December 31,
(in thousands) |  |  | 2024 |  | 2023 |  | 2022
Operating lease expense |  |  | $ | 2,687 |  |  | $ | 2,984 |  |  | $ | 3,137 |
Short term lease expense and other(1) |  |  | 1,026 |  |  | 960 |  |  | 1,165 |
Total lease expense |  |  | $ | 3,713 |  |  | $ | 3,944 |  |  | $ | 4,302 |
(1) Other lease expense includes variable lease expense, sublease income, and gain on lease modification.
Supplemental lease information
|  |  | Year ended December 31,
Cash flow information (in thousands) |  |  | 2024 |  | 2023 |  | 2022
Cash paid for operating lease liabilities |  |  | $ | 2,665 |  |  | $ | 3,907 |  |  | $ | 3,710 |
Right-of-use assets obtained in exchange for operating lease obligations(1) |  |  | $ | — |  |  | $ | — |  |  | $ | 16,918 |
Non-cash adjustment to operating lease right-of-use assets from lease modification(2) |  |  | $ | — |  |  | $ | 3,108 |  |  | $ | — |
(1)For the year ended December 31, 2022, right-of-use assets obtained in exchange for operating lease obligations is related to the Company’s adoption of ASU No. 2016-02, Leases (Topic 842).
(2)For the year ended December 31, 2023, includes increase of $8.0 million related to the extension of lease to 2033 for the remaining leased space, net of a $4.9 million decrease related to the reduction of the leased space effective December 31, 2023.
Operating lease information |  |  | Year ended December 31, 2024
Weighted-average remaining lease term |  |  | 7.8 years
Weighted-average discount rate |  |  | 7.6 | %
Schedule of Lessee, Operating Lease, Liability, Maturity | The future maturities of operating lease liabilities are as follows:
(in thousands) |  | December 31, 2024
2025 |  | $ | 2,707 |
2026 |  | 2,648 |
2027 |  | 2,620 |
2028 |  | 2,777 |
2029 |  | 3,067 |
Thereafter |  | 11,912 |
Total minimum lease payments |  | 25,731 |
Less: present value discount |  | (7,279) |
Total lease liability balance |  | $ | 18,452 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- References No definition available. + Details
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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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