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Commitments and Contingencies (Tables) | 9 Months Ended
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Sep. 30, 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 September 30, 2024 (in thousands):
Remainder of 2024 |  | $ | 1,849 |
2025 |  |  | 7,245 |
2026 |  |  | 6,753 |
2027 |  |  | 6,696 |
2028 |  |  | 6,166 |
Thereafter |  |  | 16,588 |
Total undiscounted lease payments |  |  | 45,297 |
Less: imputed interest |  |  | (9,168 | )
Operating lease liabilities |  |  | 36,129 |
Less: current portion of operating lease liabilities |  |  | (6,989 | )
Operating lease liabilities, less current portion |  | $ | 29,140 |
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 September 30, 2024 and December 31, 2023 are as follows:
|  | September 30, 2024 |  |  | December 31, 2023 |
Weighted-average remaining lease term (years) |  |  | 6.7 |  |  |  | 6.5 |
Weighted-average discount rate |  |  | 6.9 | % |  |  | 5.5 | %
Summary of Operating Leases | Information related to the Company’s operating leases is as follows (in thousands):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Rent expense |  | $ | 1,959 |  |  | $ | 1,597 |  |  | $ | 5,464 |  |  | $ | 4,156 |
Cash paid for amounts included in measurement of lease liabilities |  | $ | 1,767 |  |  | $ | 1,317 |  |  | $ | 4,848 |  |  | $ | 3,767 |

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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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