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Leases (Tables)

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

Summary of Components of Lease Expense

The components of lease expense were as follows (in thousands):


		For the Three Months Ended June 30,
		2023				2022
Operating lease cost		$	3,240			$	3,600
Short-term lease cost			257				175
Variable lease cost			1,072				1,463
Sublease income			(130	)			(192	)
Total lease cost		$	4,439			$	5,046


		For the Six Months Ended June 30,
		2023				2022
Operating lease cost		$	6,554			$	7,252
Short-term lease cost			518				312
Variable lease cost			1,857				3,013
Sublease income			(261	)			(383	)
Total lease cost		$	8,668			$	10,194

Summary of Additional Lease Information

Additional lease information is summarized in the following table (in thousands, except lease term and discount rate):


		For the Six Months Ended June 30,
		2023				2022
Cash paid for amounts included in the measurement of operating lease liabilities		$	6,820			$	6,180
Operating lease ROU assets obtained in exchange for lease obligations		$	1,110			$	172
Weighted-average remaining lease term - operating leases (years)			4.7				5.5
Weighted-average discount rate - operating leases			4.3	%			4.3	%

Summary of Future Minimum Lease Payments and Sublease Cash Receipts Under Non-Cancelable Leases

Future minimum lease payments under non-cancelable leases and estimated future sublease cash receipts from non-cancelable arrangements as of June 30, 2023 are as follows (in thousands):


		Operating Lease				Sublease
		Payments				Cash Receipts
2023 (remainder)		$	8,133			$	307
2024			16,184				624
2025			13,920				—
2026			12,336				—
2027			5,713				—
Thereafter			8,913				—
Total lease payments and estimated sublease cash receipts			65,199			$	931
Less imputed interest			(6,225	)
Present value of lease liabilities		$	58,974

Summary of Lease Balances

Lease balances as of June 30, 2023 are as follows (in thousands):


Operating lease ROU assets		$	44,649

Short-term operating lease liabilities (1)		$	14,143
Non-current operating lease liabilities			44,831
Total operating lease liabilities		$	58,974

(1)

Included in accrued expenses and other current liabilities in the Consolidated Balance Sheets.