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Leases (Tables)
12 Months Ended
Dec. 31, 2023
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, 2023:

 

(in thousands)

 

 

 

2024

 

$

 

10,346

 

2025

 

 

 

9,789

 

2026

 

 

 

8,162

 

2027

 

 

 

6,471

 

2028

 

 

 

5,703

 

Thereafter

 

 

 

29,370

 

Total minimum payments

 

$

 

69,841

 

Less amounts representing interest

 

 

 

(16,496

)

Less amounts representing tenant improvement allowance

 

 

(398

)

Present value of minimum lease payments

 

 

 

52,947

 

Less current operating lease liabilities

 

 

 

(7,282

)

Long-term operating lease liabilities

 

$

 

45,665

 

Summary of Lease Payments and Supplemental Non-Cash Disclosures

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

 

 

 

Year Ended December 31,

 

(in thousands)

 

2023

 

 

2022

 

 

2021

 

Cash paid for amounts included in lease liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

$

8,483

 

 

$

9,680

 

 

$

10,265

 

Non-cash additions to operating lease assets

$

6,762

 

 

$

31,125

 

 

$

6,950

 

Summary of Components of Lease Expense

The following table summarizes the components of lease expense:

 

 

 

Year Ended December 31,

 

(in thousands)

 

2023

 

 

2022

 

 

2021

 

Operating lease cost

$

9,832

 

 

$

9,203

 

 

$

8,299

 

Variable lease cost

 

1,026

 

 

 

1,143

 

 

 

1,469

 

Short-term lease cost

 

3,878

 

 

 

2,705

 

 

 

1,710

 

 Total lease cost

$

14,736

 

 

$

13,051

 

 

$

11,478