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Leases (Tables)
12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Summary of Lease Costs and Activity

The Company’s lease costs and activity for the years ended December 31, 2023 and 2022 were as follows (in thousands):

 

 

 

Year Ended
December 31,

 

 

 

2023

 

 

2022

 

Lease Cost

 

 

 

 

 

 

Operating lease cost

 

$

8,951

 

 

$

8,402

 

Short-term lease cost

 

 

312

 

 

 

690

 

Variable lease cost

 

 

4,125

 

 

 

3,810

 

Sublease income

 

 

(379

)

 

 

(72

)

Net lease cost

 

$

13,009

 

 

$

12,830

 

 

 

 

 

 

 

 

 

 

Year Ended
December 31,

 

 

 

2023

 

 

2022

 

Other information

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

11,892

 

 

$

9,322

 

Right-of-use assets obtained in exchange for operating lease liabilities

 

$

13,260

 

 

$

19,896

 

Summary of Maturity of Lease Liabilities on Undiscounted Cash Flow Basis and Reconciliation

The maturity of the Company’s lease liabilities on an undiscounted cash flow basis and a reconciliation to the operating lease liabilities recognized on the Company’s consolidated balance sheet as of December 31, 2023 were as follows (in thousands):

 

2024

 

 

10,744

 

2025

 

 

6,960

 

2026

 

 

6,233

 

2027

 

 

5,877

 

2028

 

 

4,873

 

Thereafter

 

 

6,329

 

Total lease payments

 

 

41,016

 

Less: interest

 

 

(7,096

)

Present value of lease liabilities

 

$

33,920

 

 

 

 

Operating lease liabilities, current

 

$

8,737

 

Operating lease liabilities, noncurrent

 

 

25,183

 

Total operating lease liabilities

 

$

33,920