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Leases (Tables)
12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Summary of Components of Lease Expense

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

 

 

Year Ended

 

 

Year Ended

 

 

Year Ended

 

 

December 31, 2023

 

 

December 31, 2022

 

 

December 31, 2021

 

Operating lease cost

$

12,671

 

 

$

14,284

 

 

$

15,527

 

Short-term lease cost

 

981

 

 

 

754

 

 

 

439

 

Variable lease cost

 

4,394

 

 

 

5,416

 

 

 

5,582

 

Sublease income

 

(521

)

 

 

(746

)

 

 

(549

)

Total lease cost

$

17,525

 

 

$

19,708

 

 

$

20,999

 

 

Summary of Additional Lease Information

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

 

 

 

Year Ended

 

 

Year Ended

 

 

 

December 31, 2023

 

 

December 31, 2022

 

Cash paid for amounts included in the measurement of
   operating lease liabilities

 

$

13,839

 

 

$

12,939

 

Operating ROU assets obtained in exchange for
   lease obligations

 

$

1,110

 

 

$

323

 

Weighted-average remaining lease term - operating
   leases (years)

 

 

4.3

 

 

 

5.1

 

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 December 31, 2023 are as follows (in thousands):

 

 

 

Operating Lease

 

 

Sublease

 

 

 

Payments

 

 

Cash Receipts

 

2024

 

$

16,001

 

 

$

624

 

2025

 

 

13,899

 

 

 

 

2026

 

 

12,344

 

 

 

 

2027

 

 

5,724

 

 

 

 

2028

 

 

2,889

 

 

 

 

Thereafter

 

 

6,049

 

 

 

 

Total lease payments

 

 

56,906

 

 

$

624

 

Less imputed interest

 

 

(5,052

)

 

 

 

Present value of lease liabilities

 

$

51,854

 

 

 

 

Summary of Lease Balances

Lease balances are as follows (in thousands):

 

 

 

As of

 

 

 

December 31, 2023

 

Operating lease ROU assets

 

$

39,722

 

 

 

 

 

Short-term operating lease liabilities (1)

 

$

14,181

 

Non-current operating lease liabilities

 

 

37,673

 

Total operating lease liabilities

 

$

51,854

 

(1)
Included in accrued expenses and other current liabilities in the Consolidated Balance Sheets.