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Leases (Tables)

9 Months Ended

Sep. 30, 2024

Leases [Abstract]

Summary of Lease Expense

The elements of lease expense were as follows:


		Three Months Ended September 30,								Nine Months Ended September 30,
(in thousands)		2024				2023				2024				2023
Operating lease cost		$	1,951			$	1,950			$	5,853			$	5,851
Variable lease cost			681				663				1,890				1,921
Total lease cost		$	2,632			$	2,613			$	7,743			$	7,772

Summary of Amounts Reported in Condensed Consolidated Balance Sheets and Weighted-average Lease Term and Discount rate Information

Amounts reported in the condensed consolidated balance sheets and the weighted-average lease term and discount rate information were as follows:


(in thousands except weighted-average amounts)		September 30, 2024				December 31, 2023
Assets
Operating lease right-of-use assets		$	36,296			$	40,048
Liabilities
Operating lease liabilities, current		$	4,163			$	3,830
Operating lease liabilities, non-current			28,691				31,830
Total lease liabilities		$	32,854			$	35,660
Weighted-Average Lease Term and Discount Rate
Weighted-average remaining lease term (years)			6.0			6.7
Weighted-average discount rate			8.2	%			8.2	%

Summary of Other Lease Activity

The following table represents other lease activity:


		Nine Months Ended September 30,
(in thousands)		2024				2023
Other Information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases		$	4,906			$	4,263
Right-of-use assets obtained in exchange for lease obligations		$	—			$	37