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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Summary of Additional Information Related to Leases

Additional information related to the Company’s leases is as follows (in thousands, except lease term and discount rate):

 

 

As of December 31,

 

 

 

2022

 

 

2021

 

Balance sheet information

 

 

 

 

 

 

ROU assets

 

$

17,872

 

 

$

18,160

 

Lease liabilities, current

 

$

3,797

 

 

$

6,356

 

Lease liabilities, non-current

 

 

18,742

 

 

 

15,328

 

Total lease liabilities

 

$

22,539

 

 

$

21,684

 

Supplemental data

 

 

 

 

 

 

Weighted average remaining lease term

 

6.57 years

 

 

4.24 years

 

Weighted average discount rate

 

 

5.68

%

 

 

5.99

%

 

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Cash paid for amounts included in lease liabilities

 

$

7,280

 

 

$

6,574

 

 

$

4,891

 

ROU assets obtained in exchange for new lease obligations

 

 

11,850

 

 

 

8,250

 

 

 

5,870

 

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities as of December 31, 2022 were as follows (in thousands):

Year ending December 31,

 

 

 

2023

 

$

4,768

 

2024

 

 

3,777

 

2025

 

 

3,301

 

2026

 

 

3,136

 

2027

 

 

2,902

 

Thereafter

 

 

8,291

 

Total undiscounted lease payments

 

 

26,175

 

Less: imputed interest

 

 

(3,636

)

Total lease liabilities

 

$

22,539

 

Schedule of Components of Lease Expense

The following table presents components of lease expense (in thousands):

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Operating lease expense

 

$

6,089

 

 

$

6,383

 

 

$

5,024

 

Short-term lease expense(1)

 

 

638

 

 

 

832

 

 

 

982

 

 

 

 

6,727

 

 

 

7,215

 

 

 

6,006

 

Less: Sublease income

 

 

(155

)

 

 

(61

)

 

 

(236

)

Total lease expense

 

$

6,572

 

 

$

7,154

 

 

$

5,770

 

 

(1)
Short-term lease expense includes all leases with lease terms ranging from less than one month to one year.