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Leases (Tables) | 9 Months Ended
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Sep. 30, 2024
Leases [Abstarct] |
Schedule of Lease Costs | The following table presents the Company’s lease costs (in thousands):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Operating lease costs |  | $ | 4,808 |  |  | $ | 5,065 |  |  | $ | 14,772 |  |  | $ | 14,570 |
Variable lease costs |  |  | 1,033 |  |  |  | 1,063 |  |  |  | 3,075 |  |  |  | 3,240 |
Total lease costs |  | $ | 5,841 |  |  | $ | 6,128 |  |  | $ | 17,847 |  |  | $ | 17,810 |
Schedule of Operating Lease Liabilities | The table below reconciles the undiscounted cash flows for each of the first five years and total remaining years to the operating lease liabilities recorded on the condensed consolidated balance sheet at September 30, 2024 (in thousands):
2024 (excluding the nine months ended September 30, 2024)(a) |  | $ | 5,187 |
2025 |  |  | 21,397 |
2026 |  |  | 19,442 |
2027 |  |  | 16,772 |
2028 |  |  | 16,384 |
Thereafter |  |  | 45,079 |
Total operating lease payments |  |  | 124,261 |
Less – lease payments representing interest |  |  | (22,483 | )
Present value of operating lease payments |  | $ | 101,778 |
(a) | Amount consists of $5.5 million of undiscounted cash flows offset by $0.4 million of tenant improvement allowances which are expected to be fully utilized in fiscal 2024.
Schedule of Supplemental Information Related to the Company’s Condensed Consolidated Statement of Cash Flows | The following table provides supplemental information related to the Company’s condensed consolidated statement of cash flows for the nine months ended September 30, 2024 and 2023 (in thousands):
|  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |
Cash paid for amounts included in present value of operating lease liabilities (b) |  | $ | 12,426 |  |  | $ | 9,525 |
Right-of-use assets obtained in exchange for operating lease liabilities |  |  | 2,981 |  |  |  | 7,031 |
| (b) | Operating cash flows paid for operating leases are included within the change in operating leases, net within the condensed consolidated statement of cash flows offset by non-cash ROU asset amortization and lease liability accretion.

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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- Definition Tabular disclosure of supplemental cash flow information for the periods presented. + References No definition available. + Details
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