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Leases (Tables)
12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Summary of contains information related to the Company's leases

Following contains information related to the Company's leases (in thousands, except for weighted-average information):

 

 

 

Years Ended December 31,

 

 

 

2023

 

 

2022

 

Lease costs and cash paid:

 

 

 

 

 

 

Operating lease costs

 

$

2,715

 

 

$

2,655

 

Cash paid for operating leases

 

$

2,757

 

 

$

2,195

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

 

2023

 

 

2022

 

 Lease assets:

 

 

 

 

 

 

Right-of-use assets included in other assets

 

$

9,144

 

 

$

10,988

 

 

 

 

 

 

 

Lease liabilities:

 

 

 

 

 

 

Lease liabilities included in accrued liabilities

 

$

2,752

 

 

$

2,659

 

Lease liabilities included in other long-term liabilities

 

 

7,461

 

 

 

9,439

 

Total lease liabilities

 

$

10,213

 

 

$

12,098

 

 

 

 

 

 

 

Supplemental weighted- average information:

 

 

 

 

 

 

Weighted-average discount rate

 

 

8.2

%

 

 

8.2

%

Weighted-average remaining lease term (years)

 

 

4.2

 

 

 

5.2

 

 

Summary of Future Lease Payments of Operating Lease Liabilities

Future lease payments of operating lease liabilities as of December 31, 2023, were as follows (in thousands):

 

Year ending December 31,

 

Operating Leases

 

2024

 

$

2,853

 

2025

 

 

2,676

 

2026

 

 

2,677

 

2027

 

 

2,771

 

2028

 

 

1,049

 

Thereafter

 

 

 

Total minimum lease payments

 

 

12,026

 

Less: interest

 

 

1,813

 

Present value of lease liabilities

 

$

10,213