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Leases (Tables)

9 Months Ended

Sep. 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 September 30,
		2023				2022
Operating lease cost		$	3,068			$	3,546
Short-term lease cost			228				214
Variable lease cost			1,257				1,000
Sublease income			(130	)			(192	)
Total lease cost		$	4,423			$	4,568


		For the Nine Months Ended September 30,
		2023				2022
Operating lease cost		$	9,622			$	10,798
Short-term lease cost			747				526
Variable lease cost			3,113				4,013
Sublease income			(391	)			(575	)
Total lease cost		$	13,091			$	14,762

Summary of Additional Lease Information

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


		For the Nine Months Ended September 30,
		2023				2022
Cash paid for amounts included in the measurement of operating lease liabilities		$	10,442			$	9,556
Operating lease ROU assets obtained in exchange for lease obligations		$	1,110			$	172
Weighted-average remaining lease term - operating leases (years)			4.5				5.3
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 September 30, 2023 are as follows (in thousands):


		Operating Lease				Sublease
		Payments				Cash Receipts
2023 (remainder)		$	4,009			$	153
2024			15,900				625
2025			13,816				—
2026			12,320				—
2027			5,659				—
Thereafter			8,764				—
Total lease payments and estimated sublease cash receipts			60,468			$	778
Less imputed interest			(5,510	)
Present value of lease liabilities		$	54,958

Summary of Lease Balances

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


Operating lease ROU assets		$	42,021

Short-term operating lease liabilities (1)		$	14,115
Non-current operating lease liabilities			40,843
Total operating lease liabilities		$	54,958

(1)

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