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Leases (Tables)
9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Summary of Lease, Cost
The components of lease expense were as follows for the three and nine months ended September 30, 2023 and 2022:
Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2023202220232022
Operating lease costs:$1,971 $1,576 $5,572 $3,992 
Finance lease costs:
Amortization of ROU asset$10 $14 $48 $41 
Interest expense$$$$
Other lease costs:
Short-term lease costs$$94 $37 $306 
Variable lease costs$308 $263 $891 $690 
The following table provides certain cash flow and supplemental noncash information related to the Company's lease liabilities for the three and nine months ended September 30, 2023 and 2022.
Nine Months Ended September 30,
(in thousands)20232022
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities:
  Operating cash payment from operating leases$5,448 $3,814 
  Financing cash payments for finance leases91 39 
Lease liabilities arising from obtaining right-of-use assets:
  Operating leases$9,011 $29,468 
  Finance leases203 
Summary of Lessee, Operating Lease, Liability, Maturity
The aggregate future lease payments for the Company's leases in years subsequent to September 30, 2023 are as follows:
(in thousands)Operating LeasesFinance Leases
2023 (remaining three months)$2,034 $12 
20247,730 47 
20257,349 42 
20266,731 39 
20275,439 29 
Thereafter 9,215 — 
Total future lease payment$38,498 $169 
Less: amount representing interest (6,405)(20)
Present value of future lease payment (lease liabilities)$32,093 $149 
Reported as:
Lease liabilities, current$6,079 $39 
Lease liabilities, noncurrent26,014 110 
Total lease liabilities $32,093 $149 
Summary of Finance Lease, Liability, Fiscal Year Maturity
The aggregate future lease payments for the Company's leases in years subsequent to September 30, 2023 are as follows:
(in thousands)Operating LeasesFinance Leases
2023 (remaining three months)$2,034 $12 
20247,730 47 
20257,349 42 
20266,731 39 
20275,439 29 
Thereafter 9,215 — 
Total future lease payment$38,498 $169 
Less: amount representing interest (6,405)(20)
Present value of future lease payment (lease liabilities)$32,093 $149 
Reported as:
Lease liabilities, current$6,079 $39 
Lease liabilities, noncurrent26,014 110 
Total lease liabilities $32,093 $149 
Summary of Weighted Average Discount Rates
The following table provides the weighted average remaining lease terms and weighted average discount rates for the Company's leases as of September 30, 2023 and 2022:
September 30, 2023September 30, 2022
Weighted-average remaining lease term (in years)
Operating 5.435.37
Finance 3.753.92
Weighted-average discount rate
Operating6.34 %5.15 %
Finance6.45 %5.95 %