Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Schedule of Supplemental Information Related to Leases

Supplemental information related to leases is presented in the table below (in thousands, except weighted-average term and discount rate):

	Three Months Ended March 31,
	2024			2023
Operating lease cost	$	2,976		$	2,750
Cash paid for amounts included in the measurement of operating lease liabilities	3,221			3,362
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities	2,643			3,927
	March 31, 2024			December 31, 2023
Weighted-average remaining lease term — operating leases	3.1 years			3.0 years
Weighted-average discount rate — operating leases	5.2		%	4.9		%

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities are as follows (in thousands):

Year Ended December 31,	Operating Leases(1)
Remainder of 2024	$	10,561
2025	12,454
2026	7,827
2027	2,500
2028	1,841
2029 and thereafter	1,904
Total lease payments	37,087
Less: imputed interest(2)	4,100
Present value of lease liabilities	$	32,987

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(1)Excludes $3.6 million of legally binding minimum lease payments for leases executed but not yet commenced. There are no options to extend lease terms that were reasonably certain of being exercised included in these balances.

(2)Imputed interest was calculated using the incremental borrowing rate applicable for each lease.