Leases (Tables)

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

Schedule of Lease Expense

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

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2023		2022		2023		2022
Components of total lease costs
Operating lease expense(1)	$	810	$	1,357	$	4,796	$	3,958
Sublease income	(278)		(216)		(843)		(504)
Total net lease costs	$	532	$	1,141	$	3,953	$	3,454

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(1)The nine months ended September 30, 2023 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)	September 30, 2023		December 31, 2022
Operating leases
Operating leases right-of-use asset	$	7,020	$	20,084
Operating leases liability, current portion	$	4,233	$	3,717
Long-term operating leases liability, net of current portion	8,834		16,835
Total operating leases liability	$	13,067	$	20,552

Weighted average remaining lease term in years - operating leases	3.7		4.8
Weighted average discount rate - operating leases	5.07	%	4.50	%

Schedule of Remaining Lease Payments

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

(in thousands)	September 30, 2023
Remainder of fiscal year 2023	$	1,229
2024	5,243
2025	2,337
2026	2,117
2027	2,149
Thereafter	1,113
Total future minimum lease payments	$	14,188
Less: imputed interest	(1,121)
Total	$	13,067