Leases (Tables)

3 Months Ended

Mar. 31, 2024

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			As of
	March 31, 2024			December 31, 2023
Balance sheet information
ROU assets	$	15,143		$	16,075
Lease liabilities, current	$	3,633		$	3,825
Lease liabilities, non-current		15,788			16,694
Total lease liabilities	$	19,421		$	20,519
Supplemental data
Weighted average remaining lease term	5.77 years			5.91 years
Weighted average discount rate		6.04	%		6.12	%

	Three Months Ended March 31,
	2024		2023
Cash paid for amounts included in lease liabilities	$	1,332	$	1,312
ROU assets obtained in exchange for new lease obligations		56		425

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities as of March 31, 2024 were as follows (in thousands):

Year ending December 31,
2024 (for the remaining nine months)	$	3,652
2025		4,271
2026		3,800
2027		3,380
2028		3,184
Thereafter		6,284
Total undiscounted lease payments		24,571
Less: imputed interest		(5,150	)
Total lease liabilities	$	19,421

Schedule of Components of Lease Expense

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

	Three Months Ended March 31,
	2024			2023
Operating lease expense	$	1,253		$	1,333
Short-term lease expense(1)		66			169
		1,319			1,502
Less: Sublease income		(57	)		(69	)
Total lease expense	$	1,262		$	1,433

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