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Leases (Tables)
12 Months Ended
Dec. 31, 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 December 31, 2022:

 

(in thousands)

 

 

 

2023

 

$

 

7,801

 

2024

 

 

 

8,917

 

2025

 

 

 

8,537

 

2026

 

 

 

7,036

 

2027

 

 

 

5,327

 

2027 and thereafter

 

 

 

32,301

 

Total minimum payments

 

$

 

69,919

 

Less amounts representing interest

 

 

 

-18,289

 

Less amounts representing tenant improvement allowance

 

 

 

(3,909

)

Present value of minimum lease payments

 

 

 

47,721

 

Less current operating lease liabilities

 

 

 

(5,570

)

Long-term operating lease liabilities

 

$

 

42,151

 

Summary of Lease Payments and Supplemental Non-Cash Disclosures

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

 

 

 

Years Ended December 31,

 

(in thousands)

 

2022

 

 

2021

 

 

2020

 

Cash paid for amounts included in lease liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

9,680

 

 

$

10,265

 

 

$

12,049

 

Non-cash additions to operating lease assets

 

$

31,125

 

 

$

6,950

 

 

$

2,593

 

Summary of Components of Lease Expense

The following table summarizes the components of lease expense:

 

 

 

Years Ended December 31,

 

(in thousands)

 

2022

 

 

2021

 

 

2020

 

Operating lease cost

 

$

9,203

 

 

$

8,299

 

 

$

9,891

 

Variable lease cost

 

 

1,143

 

 

 

1,469

 

 

 

672

 

Short-term lease cost

 

 

2,705

 

 

 

1,710

 

 

 

848

 

 Total lease cost

 

$

13,051

 

 

$

11,478

 

 

$

11,411