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Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2023
Commitments and Contingencies  
Summary of lease-related assets and liabilities

(In thousands)

    

At September 30, 2023

    

At December 31, 2022

Right of use operating lease assets

$

19,303

$

21,322

Operating lease liabilities:

Current

$

2,596

$

2,500

Non-current

 

19,043

 

20,866

Total

$

21,639

$

23,366

Operating leases:

Weighted average remaining lease term

 

7.0 years

7.7 years

Weighted average discount rate

4.3%

4.2%

Nine Months Ended September 30,

2023

2022

Supplemental cash flow information for our operating leases:

Cash paid for operating lease liabilities

$

2,579

$

2,703

Non-cash right of use assets obtained in exchange for new operating lease obligations

$

132

$

49

Summary of undiscounted cash flows

(In thousands)

2023 (October 1 - December 31)

$

869

2024

3,468

2025

 

3,569

2026

 

3,642

2027

 

3,171

Thereafter

 

10,082

Total minimum lease payments

24,801

Less: Amount of lease payments representing interest

(3,162)

Present value of future minimum lease payments

21,639

Less: Current obligations under operating lease liabilities

(2,596)

Non-current obligations under operating lease liabilities

$

19,043