XML 37 R31.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Future minimum annual lease payments

Future minimum annual lease payments for all operating leases of the Company are as follows as of March 31, 2024 (in thousands):


Remainder of 2024		$	4,197
2025			5,034
2026			4,651
2027			4,621
2028			4,148
Thereafter			8,582
Total undiscounted lease payments			31,233
Less: imputed interest			(4,925	)
Operating lease liabilities			26,308
Less: current portion of operating lease liabilities			(5,239	)
Operating lease liabilities, less current portion		$	21,069

Summary of Weighted-Average Remaining Lease Term and Discount Rate

The Company’s weighted average remaining lease term and weighted average discount rate as of March 31, 2024 and December 31, 2023 are as follows:


		March 31, 2024				December 31, 2023
Weighted-average remaining lease term (years)			6.2				6.5
Weighted-average discount rate			5.5	%			5.5	%

Summary of Operating Leases

Information related to the Company’s operating leases is as follows (in thousands):


		Three Months Ended March 31,
		2024				2023
Rent expense		$	1,466			$	1,244
Cash paid for amounts included in measurement of lease liabilities		$	1,419			$	4,366