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Leases (Tables)
9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Summary of Operating Lease Costs

The operating lease costs were as follows (in thousands):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Operating lease cost

 

$

2,656

 

 

$

2,706

 

 

$

8,293

 

 

$

7,628

 

Operating sublease income

 

 

(577

)

 

 

 

 

 

(1,247

)

 

 

 

Net operating lease cost

 

$

2,079

 

 

$

2,706

 

 

$

7,046

 

 

$

7,628

 

Supplemental Cash Flow Information Related to the Company's Leases

Supplemental cash flow information related to the Company’s leases were as follows (in thousands):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

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

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

2,670

 

 

$

2,342

 

 

$

7,753

 

 

$

7,062

 

Right-of-use assets obtained in exchange for operating lease obligations:

 

 

(6,662

)

 

 

 

 

 

(2,478

)

 

 

214

 

Summary of Balance Sheet Classification of Lease Liabilities

The balance sheet classification of the Company’s lease liabilities was as follows (in thousands):

 

 

 

September 30,
2024

 

 

December 31,
2023

 

Operating lease liabilities

 

 

 

 

 

 

Current portion included in accrued liabilities

 

$

8,949

 

 

$

9,405

 

Operating lease liabilities

 

 

40,421

 

 

 

47,800

 

Total operating lease liabilities

 

$

49,370

 

 

$

57,205

 

Summary of Maturities of Lease Liabilities

Maturities of lease liabilities were as follows (in thousands):

 

 

 

Operating Leases

 

Remainder of 2024

 

$

2,582

 

Years ending December 31,

 

 

 

2025

 

 

8,763

 

2026

 

 

7,970

 

2027

 

 

8,112

 

2028

 

 

8,337

 

Thereafter

 

 

20,671

 

Total lease payments

 

 

56,435

 

Less:

 

 

 

Imputed interest

 

 

(7,065

)

Total operating lease liabilities

 

$

49,370