Leases (Tables)

3 Months Ended

Mar. 31, 2024

Total operating lease costs were as follows (in thousands):


		Three Months Ended March 31,
	Classification	2024		2023
Operating lease costs	Selling, general and administrative expense	$	1,855	$	1,553
Operating lease costs	Cost of sales	68		—
Variable lease costs	Selling, general and administrative expense	329		265
Variable lease costs	Cost of sales	34		—
Total lease costs		$	2,286	$	1,818

The weighted-average remaining lease term and weighted-average discount rate on long-term leases was as follows:


	March 31,		March 31,
	2024		2023
Weighted-average remaining lease term - operating leases	7.0 years		7.5 years
Weighted-average discount rate - operating leases	5.6	%	4.5	%

Schedule of Future Minimum Lease Payments Under Long-term Non-cancelable Operating Leases

The maturity analysis of the operating lease liabilities as of March 31, 2024 was as follows (in thousands):


	Amount
For the remainder of the year ending December 31, 2024	$	5,462
Years ending December 31,
2025	8,472
2026	8,249
2027	6,896
2028	5,897
2029	5,054
Thereafter	12,273
Total minimum lease payments(1)	52,303
Less: imputed interest	(9,669)
Net present value of operating lease liabilities	42,634
Less: current portion	(5,372)
Long-term portion	$	37,262

(1) Future minimum lease payments exclude $4.6 million of future payments required under signed lease agreements that has not yet commenced. These operating leases will commence after March 31, 2024 with a lease term of five to seven years.