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Leases (Tables) | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Summary of Lease Expense | The elements o f lease expense were as follows:
|  | Year Ended December 31, |
(in thousands) |  | 2023 |  |  | 2022 |
Operating lease cost |  | $ | 7,802 |  |  | $ | 6,435 |
Variable lease cost |  |  | 2,618 |  |  |  | 1,798 |
Total lease cost |  | $ | 10,420 |  |  | $ | 8,233 |
Summary of Amounts Reported in Consolidated Balance Sheets and Weight-average Lease Term and Discount Rate Information | Amounts reported in the consolidated balance sheets and the weight-average lease term and discount rate information were as follows:
(in thousands except weighted-average amounts) |  | December 31, 2023 |  |  | December 31, 2022 |
Assets |  |  |  |  |  |
Operating lease right-of-use assets |  | $ | 40,048 |  |  | $ | 44,444 |
Liabilities |  |  |  |  |  |
Operating lease liabilities, current |  | $ | 3,830 |  |  | $ | 3,272 |
Operating lease liabilities, non-current |  |  | 31,830 |  |  |  | 35,640 |
Total lease liabilities |  | $ | 35,660 |  |  | $ | 38,912 |
Weighted-Average Lease Term and Discount Rate |  |  |  |  |  |
Weighted-average remaining lease term (years) |  | 6.7 |  |  | 7.7 |
Weighted-average discount rate |  |  | 8.2 | % |  |  | 8.2 | %
Summary of Other Lease Activity | The following table represents other lease activity:
|  | Year Ended December 31, |
(in thousands) |  | 2023 |  |  | 2022 |
Cash Flow Information |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |
Operating cash flows for operating leases |  | $ | 6,658 |  |  | $ | 13,311 |
Right-of-use assets obtained in exchange for lease obligations |  | $ | — |  |  | $ | 23,376 |
Summary of Future Lease Payments for Noncancelable Leases | Future lease payments for noncancelable leases as of December 31, 2023 were as follows:
(in thousands) |  | December 31, 2023 |
2024 |  | $ | 6,591 |
2025 |  |  | 6,651 |
2026 |  |  | 6,681 |
2027 |  |  | 6,882 |
2028 |  |  | 7,088 |
Thereafter |  |  | 12,902 |
Total lease payments |  | $ | 46,795 |
Less: imputed interest |  |  | (11,135 | )
Present value of lease liabilities |  | $ | 35,660 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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- Definition Schedule of operating lease assets and liabilities, weighted average lease term and discount rate. + References No definition available. + Details
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- Definition Schedule of other lease activity. + References No definition available. + Details
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