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Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Summary of Operating Lease Expense

Our lease expense comprises of the following (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

Operating lease expense

 

$

1,388

 

 

$

1,607

 

Summary of Balance Sheet Classification of Operating Lease Liabilities

The balance sheet classification of our operating lease liabilities was as follows (in thousands):

 

 

 

March 31, 2023

 

 

December 31, 2022

 

Operating lease liabilities:

 

 

 

 

 

 

Current portion of lease liabilities (included in other current liabilities)

 

$

3,830

 

 

$

3,631

 

Long-term portion of lease liabilities

 

 

32,131

 

 

 

32,801

 

Total operating lease liabilities

 

$

35,961

 

 

$

36,432

 

Summary of Maturities of Sublease Income and Operating Lease Liabilities

As of March 31, 2023, the maturities of our sublease income and operating lease liabilities were as follows (in thousands):

 

Years ending December 31,

 

Sublease Income

 

 

Operating Lease
Liabilities

 

2023 (remaining)

 

$

4,154

 

 

$

5,324

 

2024

 

 

5,684

 

 

 

7,190

 

2025

 

 

5,854

 

 

 

6,565

 

2026

 

 

6,030

 

 

 

5,903

 

2027

 

 

6,211

 

 

 

6,043

 

Thereafter

 

 

21,500

 

 

 

21,240

 

Total

 

$

49,433

 

 

 

52,265

 

Less:

 

 

 

 

 

 

Present value adjustment

 

 

 

 

 

(16,304

)

Total

 

 

 

 

$

35,961

 

Summary of Weighted Average Remaining Lease Term and Weighted Average Discount Rate

The weighted average remaining lease term and the weighted average discount rate used to determine the operating lease liabilities were as follows:

 

 

 

March 31, 2023

 

 

December 31, 2022

 

Weighted average remaining lease term

 

7.4 years

 

 

7.6 years

 

Weighted average discount rate

 

 

10.1

%

 

 

10.1

%