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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Summary of Lease Costs

Information related to the Company's total lease costs was as follows (in thousands):

 

 

Year Ended

 

 

December 31, 2022

 

 

December 31, 2021

 

Operating lease cost

$

7,747

 

 

$

8,957

 

Variable lease cost

 

1,310

 

 

 

689

 

Short-term lease cost

 

165

 

 

 

94

 

Total lease cost

$

9,222

 

 

$

9,740

 

Summary of Information Related to ROU Assets and Related Lease Liabilities

Information related to the Company's ROU assets and related lease liabilities was as follows (in thousands):

 

 

Year Ended

 

 

 

December 31, 2022

 

 

December 31, 2021

 

 

Cash paid for operating lease liabilities

$

7,607

 

 

$

8,854

 

 

Right-of-use assets obtained in exchange for new operating lease obligations

 

6,591

 

 

 

5,717

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2022

 

 

December 31, 2021

 

 

Weighted-average remaining lease term

3.8 years

 

 

3.6 years

 

 

Weighted-average discount rate

4.1

 

%

3.6

 

%

 

Reconciliation of Undiscounted Future Minimum Lease Payments Under Noncancellable Operating Leases

The table below reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under noncancellable operating leases with terms of more than one year to the total operating lease liabilities recognized on the consolidated balance sheets as of December 31, 2022 (in thousands):

 

2023

$

7,624

 

2024

 

5,915

 

2025

 

3,747

 

2026

 

2,685

 

2027

 

1,859

 

Thereafter

 

1,027

 

Total undiscounted future minimum lease payments

 

22,857

 

Less: Difference between undiscounted lease payments and discounted operating lease liabilities

 

1,675

 

Total operating lease liabilities

$

21,182

 

Current operating lease liabilities

$

6,957

 

Long-term operating lease liabilities

 

14,225

 

Total operating lease liabilities

$

21,182