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Leases
 9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Leases Leases
Operating Leases
The Company has operating leases primarily for office space. Operating lease right-of-use assets and operating lease liabilities are recognized at the lease commencement date based on the present value of the lease payments over the lease term. Right-of-use assets also include adjustments related to prepaid or deferred lease payments and lease incentives. In calculating the present value of the lease payments, the Company utilizes its incremental borrowing rate, as the rates implicit in the leases were not readily determinable. The incremental borrowing rate is estimated to approximate the interest rate on a collateralized basis with similar terms and payments, and in economic environments where the leased asset is located.
The Company subleases certain leased office space to third parties when it determines there is excess leased capacity. Sublease income is recorded as a reduction of operating expenses.
The components of operating lease costs were as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
Operating lease costs$798 $646 $2,361 $3,830 
Sublease income(48)(57)(154)(1,372)
Total operating lease costs, net$750 $589 $2,207 $2,458 
As of September 30, 2022, the Company's operating leases had a weighted-average remaining lease term of 2.7 years and a weighted-average discount rate of 3.4%.
As of September 30, 2022, maturities of operating lease liabilities were as follows (in thousands):
Operating Leases
The remainder of 2022$1,072 
20233,033 
20241,653 
20251,696 
2026141 
Thereafter— 
Total future operating lease payments7,595 
Less: Imputed interest(433)
Total operating lease liabilities$7,162 
Reconciliation of lease liabilities as shown in the consolidated balance sheets
Operating lease liabilities, current$3,473 
Operating lease liabilities, noncurrent3,689 
Total operating lease liabilities$7,162