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Leases (Tables)
6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Summary of Expected Future Payments Related to Lease Liabilities

The following table summarizes the expected future payments related to operating lease liabilities as of June 30, 2023:

 

(in thousands)

 

 

 

Remainder of 2023

 

$

4,387

 

2024

 

 

9,944

 

2025

 

 

9,359

 

2026

 

 

7,730

 

2027

 

 

6,046

 

2028 and thereafter

 

 

33,847

 

Total minimum payments

 

$

71,313

 

Less amounts representing interest

 

 

(17,654

)

Less amounts representing tenant improvement allowance

 

 

(399

)

Present value of minimum lease payments

 

 

53,260

 

Less current operating lease liabilities

 

 

(6,397

)

Long-term operating lease liabilities

 

$

46,863

 

Summary of Lease Payments and Supplemental Non-Cash Disclosures

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

 

 

Six-Month Period

Ended June 30,

(in thousands)

2023

2022

Cash paid for amounts included in lease liabilities:

Operating cash flows from operating leases

$

4,107

$

5,146

Non-cash additions to operating lease assets

$

4,657

$

2,998

Summary of Components of Lease Expense

The following table summarizes the components of operating lease expense:

 

 

 

Three-Month Period

Three-Month Period

 

 

Six-Month Period

 

 

Six-Month Period

 

 

 

Ended June 30,

Ended June 30,

 

 

Ended June 30,

 

 

Ended June 30,

 

(in thousands)

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Operating lease cost

$

2,471

 

 

$

2,208

 

 

$

4,948

 

 

$

4,373

 

Variable lease cost

 

391

 

 

 

274

 

 

 

583

 

 

 

592

 

Short-term lease cost

 

1,196

 

 

 

591

 

 

 

2,621

 

 

 

1,006

 

 Total lease cost

$

4,058

 

 

$

3,073

 

 

$

8,152

 

 

$

5,971