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Leases (Tables)
9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Summary of Expected Future Payments Related to Lease Liabilities

The following table summarizes the expected future payments related to lease liabilities as of September 30, 2022:

 

(in thousands)

 

 

 

Remainder of 2022

 

$

1,836

 

2023

 

 

7,139

 

2024

 

 

8,036

 

2025

 

 

7,655

 

2026

 

 

6,426

 

2027 and thereafter

 

 

35,697

 

Total minimum payments

 

$

66,789

 

Less amounts representing interest

 

 

(18,037

)

Less amounts representing tenant improvement allowance

 

 

(3,983

)

Present value of minimum lease payments

 

 

44,769

 

Less current operating lease liabilities

 

 

(5,406

)

Long-term operating lease liabilities

 

$

39,363

 

Summary of Lease Payments and Supplemental Non-Cash Disclosures

The following table summarizes lease payments and supplemental non-cash disclosures:

 

 

 

Nine-Month Period

Ended September 30,

(in thousands)

 

2022

 

 

2021

Cash paid for amounts included in lease liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

7,661

 

 

$

7,673

Non-cash additions to operating lease assets

 

$

26,871

 

 

$

4,543

Summary of Components of Lease Expense

The following table summarizes the components of lease expense:

 

 

 

Three-Month Period

 

 

Three-Month Period

 

 

Nine-Month Period

 

 

Nine-Month Period

 

 

 

Ended September 30,

 

 

Ended September 30,

 

 

Ended September 30,

 

 

Ended September 30,

 

(in thousands)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Operating lease cost

 

$

2,432

 

 

$

2,039

 

 

$

6,805

 

 

$

6,243

 

Variable lease cost

 

 

263

 

 

 

372

 

 

 

855

 

 

 

938

 

Short-term lease cost

 

 

504

 

 

 

346

 

 

 

1,510

 

 

 

1,115

 

Total lease cost

 

$

3,199

 

 

$

2,757

 

 

$

9,170

 

 

$

8,296