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Leases
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Leases Leases
On September 5, 2023, the Company entered into an amendment to its office lease, which, among other things, reduces the leased space in Plano, Texas from approximately 125,468 square feet to 83,939 square feet, effective December 31, 2023, and also extends the term for the remaining reduced leased space to August 31, 2033. The Company determined that the amendment would be treated as a lease modification. The modification resulted in a remeasurement of the operating lease ROU asset and lease liability, and the effect was an increase to the ROU asset and lease liability of $3.1 million and $2.7 million, respectively. In addition, the Company recorded a gain on lease modification of $0.4 million, which was included in general and administrative expenses in the consolidated statements of operation.

Operating lease expense consisted of:

Year ended December 31,
(in thousands)
202420232022
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)
202420232022
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 %

The future maturities of operating lease liabilities are as follows:

(in thousands)December 31, 2024
2025$2,707 
20262,648 
20272,620 
20282,777 
20293,067 
Thereafter11,912 
Total minimum lease payments25,731 
Less: present value discount(7,279)
Total lease liability balance$18,452