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Leases (Tables)

9 Months Ended

Sep. 30, 2024

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,
		2024				2023
Operating lease cost		$	2,902			$	3,068
Short-term lease cost			291				228
Variable lease cost			1,311				1,257
Sublease income			(133	)			(130	)
Total lease cost		$	4,371			$	4,423


		For the Nine Months Ended September 30,
		2024				2023
Operating lease cost		$	8,893			$	9,622
Short-term lease cost			737				747
Variable lease cost			3,579				3,113
Sublease income			(394	)			(391	)
Total lease cost		$	12,815			$	13,091

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,
		2024				2023
Cash paid for amounts included in the measurement of operating lease liabilities		$	10,948			$	10,442
Operating lease ROU assets obtained in exchange for lease obligations		$	408			$	1,110
Weighted-average remaining lease term - operating leases (years)			3.8				4.5
Weighted-average discount rate - operating leases			4.2	%			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, 2024 are as follows (in thousands):


		Operating Lease				Sublease
		Payments				Cash Receipts
2024 (remainder)		$	3,960			$	158
2025			14,044				—
2026			12,348				—
2027			5,798				—
2028			2,962				—
Thereafter			6,187				—
Total lease payments and estimated sublease cash receipts			45,299			$	158
Less imputed interest			(3,717	)
Present value of lease liabilities		$	41,582

Summary of Lease Balances

Lease balances as of September 30, 2024 are as follows (in thousands):


Operating lease ROU assets		$	29,671

Short-term operating lease liabilities (1)		$	13,160
Non-current operating lease liabilities			28,422
Total operating lease liabilities		$	41,582

(1)

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