Lease Arrangements (Tables)

12 Months Ended

Dec. 31, 2023

Supplemental balance sheet information related to our leases is as follows (in thousands):


		As of December 31,
	Classification	2023		2022

Assets
Operating lease assets	Operating lease right-of-use assets	$	36,543	$	45,788
Finance lease assets	Other assets	58		135
Total lease assets		$	36,601	$	45,923

Liabilities
Current:
Operating lease liabilities	Operating lease liabilities	$	5,244	$	2,650
Finance lease liabilities	Accrued expenses and other liabilities	64		77
Non-current:
Operating lease liabilities	Operating lease liabilities, less current portion	39,942		47,951
Finance lease liabilities	Other liabilities	—		64
Total lease liabilities		$	45,250	$	50,742

Information regarding our lease terms is as follows:


	Year Ended December 31,
	2023		2022

Weighted-average remaining lease term:
Operating leases	6.2 years		6.6 years
Finance leases	0.8 years		1.8 years
Weighted-average discount rate:
Operating leases	10.9	%	10.5	%
Finance leases	11.7	%	11.7	%

The components of lease expense consist of the following (in thousands):


	Year Ended December 31,
	2023		2022		2021

Operating lease costs	$	11,123	$	11,093	$	7,977
Short-term lease costs	4,088		3,060		—
Finance lease costs (including right-of-use asset amortization and interest expense)	88		80		—
Variable lease costs	3,521		3,880		2,862
Total lease expense	$	18,820	$	18,113	$	10,839

Cash paid for amounts included in the measurement of lease liabilities is as follows (in thousands):


	Year Ended December 31,
	2023		2022		2021

Cash paid for operating leases (excluding variable lease costs)	$	9,538	$	10,241	$	9,034
Financing cash flow from finance leases	77		58		—
Operating cash flow from finance leases	11		15		—


Years ending December 31:	Operating Leases		Finance Leases		Total

2024	$	10,354	$	66	$	10,420
2025	10,864		—		10,864
2026	8,983		—		8,983
2027	8,220		—		8,220
2028	8,465		—		8,465
Thereafter	16,056		—		16,056
Total future minimum lease payments	62,942		66		63,008
Less: Interest	17,086		2		17,088
Less: Tenant improvement allowance receivable	670		—		670
Present value of operating lease liabilities	$	45,186	$	64	$	45,250