XML 39 R28.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Leases (Tables)
3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Lease-Related Costs
Lease-related costs for the three months ended March 31, 2024 and 2023 are as follows (in thousands):

   
2024
   
2023
 
Operating lease cost
 
$
864
   
$
982
 
Variable lease cost
   
436
     
394
 
Total lease cost
 
$
1,300
   
$
1,376
 
Maturities of Operating Lease Liabilities
As of March 31, 2024, the maturities of the operating lease liabilities and a reconciliation to the present value of lease liabilities were as follows (in thousands):

   
Remaining
Lease Payments
 
Remainder of 2024
 
$
3,339
 
2025
   
4,527
 
2026
   
4,585
 
2027
   
4,549
 
2028
   
2,975
 
Thereafter
   
10,053
 
Total remaining undiscounted lease payments
 
$
30,028
 
Less: Imputed interest
   
(6,441
)
Less: Lease incentives (1)
   
(9,104
)
Total operating lease liabilities
 

14,483
 
Less: current portion     (1,610 )
Long-term operating lease liabilities
  $
12,873  
Weighted-average remaining lease term (in years)     6.2  
Weighted-average discount rate     7.9 %

(1)
Includes lease incentives that may be realized in 2024 for the costs of leasehold improvements.
Supplemental Cash Flow Information
The following table provides certain cash flow and supplemental cash flow information related to the Company’s lease liabilities for the three months ended March 31, 2024 and 2023 (in thousands):

   
2024
   
2023
 
Operating cash paid to settle operating lease liabilities
 
$
1,097
   
$
1,059