Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of Lease Expense

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

	Year Ended December 31,
(in thousands)	2023		2022		2021
Components of total lease costs
Operating lease expense(1)	$	5,578	$	5,224	$	4,002
Sublease income	(1,244)		(726)		—
Total net lease costs	$	4,334	$	4,498	$	4,002

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(1)The year ended December 31, 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 periods presented is as follows:

	December 31,
(dollars in thousands)	2023		2022
Operating leases
Operating leases right-of-use asset	$	6,452	$	20,084
Operating leases liability, current portion	$	4,219	$	3,717
Long-term operating leases liability, net of current portion	7,278		16,835
Total operating leases liability	$	11,497	$	20,552

Weighted average remaining lease term in years - operating leases	3.7		4.8
Weighted average discount rate - operating leases	4.92	%	4.50	%

Schedule of Remaining Lease Payments

Total remaining lease payments at December 31, 2023 under the Company’s operating leases (excluding short term leases) for the periods presented are as follows:

(in thousands)	December 31,
2024	$	4,846
2025	2,383
2026	2,154
2027	2,149
2028	1,028
Thereafter	84
Total future minimum lease payments	$	12,644
Less: imputed interest	(1,147)
Total	$	11,497