Leases (Tables)

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

Schedule of Lease Expense

The components of lease expense for the periods presented are as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2022		2023		2022		2023
Components of total lease costs
Operating lease expense(1)	$	1,302	$	2,607	$	2,601	$	3,986
Sublease income	(216)		(343)		(288)		(565)
Total net lease costs	$	1,086	$	2,264	$	2,313	$	3,421

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(1)Includes $1.5 million of lease expense to de-recognize certain operating ROU assets which were abandoned during the three months ended June 30, 2023.

Schedule of Right-of-Use Assets and Lease Liabilities

Information related to the Company’s ROU assets and lease liabilities for the period presented is as follows:

(dollars in thousands)	June 30, 2023
Operating leases
Operating leases right-of-use asset	$	7,514
Operating leases liability, current portion	$	4,069
Long-term operating leases liability, net of current portion	10,182
Total operating leases liability	$	14,251

Weighted average remaining lease term in years - operating leases	3.7
Weighted average discount rate - operating leases	5.14	%

Schedule of Remaining Lease Payments

Total remaining lease payments under the Company’s operating leases for the period presented are as follows:

(in thousands)	June 30, 2023
Remainder of fiscal year 2023	$	2,771
2024	5,284
2025	2,338
2026	2,118
2027	2,149
2028	1,028
Thereafter	85
Total future minimum lease payments	$	15,773
Less: imputed interest	(1,522)
Total	$	14,251