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Leases (Tables)
6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Summary of Components of Lease Expense The following table presents the components of lease expense for the periods ended:
Three months ended June 30,Six months ended June 30,
(in thousands)2023202220232022
Operating lease cost$1,493 $1,469 $3,102 $2,788 
Short-term lease cost118 80 236 133 
Variable lease cost21 
Sublease income— — — — 
Total lease cost$1,620 $1,556 $3,359 $2,930 
Summary of Supplemental Cash Flow Information Related to Leases The following table presents supplemental cash flow information related to leases for the periods ended:
Three months ended June 30,Six months ended June 30,
(in thousands)2023202220232022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$1,611 $1,523 $3,264 $2,815 
ROUA obtained in exchange for operating lease liabilities$370 $— $4,855 $3,867 
Summary of Weighted Average Operating Lease Term And Discount Rate The following table presents the weighted average operating lease term and discount rate as of the period ended:
June 30,
20232022
Weighted-average remaining lease term (years)8.18.7
Weighted-average discount rate3.29 %2.91 %
Summary of Future Expected Operating Lease Payments
At June 30, 2023, future expected operating lease payments are as follows:
(in thousands)
Periods ending December 31,
2023$3,073 
20245,879 
20255,311 
20264,770 
20274,083 
Thereafter13,093 
36,209 
Discount for present value of expected cash flows(4,832)
Lease liability at June 30, 2023$31,377