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Leases (Tables)
9 Months Ended
Sep. 30, 2023
Table Text Blocks  
Schedule of components of lease cost and supplemental cash flow information

Lease cost is recognized on a straight-line basis over the lease term. The components of lease cost are as follows (in thousands):

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

2023

2022

2023

2022

Operating lease cost

$

627

$

627

$

1,880

$

1,883

Short-term lease cost

314

274

854

798

Total lease cost

$

941

$

901

$

2,734

$

2,681

Supplemental information related to leases for the periods reported is as follows:

Nine Months Ended

September 30, 

2023

2022

Cash paid for amounts included in the measurement of lease liabilities (in thousands)

$

2,292

$

2,356

Weighted-average remaining lease term of operating leases (in years)

6.7

7.6

Weighted-average discount rate of operating leases

5.8

%

5.8

%

 

Schedule of future minimum lease payments under non-cancelable operating leases

2023(1)

$

774

2024

3,126

2025

3,189

2026

 

3,252

2027

3,317

2028 and thereafter

 

8,285

Total future minimum lease payments

21,943

Less: present value adjustment

(3,758)

Operating lease liabilities

18,185

Less: current portion of operating lease liabilities

(3,111)

Operating lease liabilities, net of current portion

$

15,074

(1) For the three months ending December 31, 2023.