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Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]  
Summary of Operating Lease Expense

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

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Operating lease expense

 

$

1,392

 

 

$

1,867

 

 

$

2,780

 

 

$

3,474

 

Summary of Balance Sheet Classification of Operating Lease Liabilities

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

 

 

 

June 30, 2023

 

 

December 31, 2022

 

Operating lease liabilities:

 

 

 

 

 

 

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

 

$

4,150

 

 

$

3,631

 

Long-term portion of lease liabilities

 

 

31,545

 

 

 

32,801

 

Total operating lease liabilities

 

$

35,695

 

 

$

36,432

 

Summary of Maturities of Sublease Income and Operating Lease Liabilities

As of June 30, 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)

 

$

2,790

 

 

$

3,670

 

2024

 

 

5,684

 

 

 

7,431

 

2025

 

 

5,854

 

 

 

6,806

 

2026

 

 

6,030

 

 

 

6,004

 

2027

 

 

6,211

 

 

 

6,044

 

Thereafter

 

 

21,500

 

 

 

21,242

 

Total

 

$

48,069

 

 

 

51,197

 

Less:

 

 

 

 

 

 

Present value adjustment

 

 

 

 

 

(15,502

)

Total

 

 

 

 

$

35,695

 

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:

 

 

 

June 30, 2023

 

 

December 31, 2022

 

Weighted average remaining lease term

 

7.1 years

 

 

7.6 years

 

Weighted average discount rate

 

 

10.1

%

 

 

10.1

%