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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Summary of Lease Expense

The elements of lease expense were as follows:

 

 

Year Ended
December 31,

 

(in thousands)

 

2022

 

 

2021

 

Operating lease cost

 

$

6,435

 

 

$

3,017

 

Short-term lease cost

 

 

 

 

 

52

 

Variable lease cost

 

 

1,798

 

 

 

1,099

 

Total lease cost

 

$

8,233

 

 

$

4,168

 

Summary of Amounts Reported in Consolidated Balance Sheets and Weight-average Lease Term and Discount Rate Information

Amounts reported in the consolidated balance sheets and the weight-average lease term and discount rate information were as follows:

(in thousands except weighted-average amounts)

 

December 31, 2022

 

 

December 31, 2021

 

Assets

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

44,444

 

 

$

15,670

 

Liabilities

 

 

 

 

 

 

Operating lease liabilities, current

 

$

3,272

 

 

$

1,839

 

Operating lease liabilities, non-current

 

 

35,640

 

 

 

16,174

 

Total lease liabilities

 

$

38,912

 

 

$

18,013

 

Weighted Average Lease Term and Discount Rate

 

 

 

 

 

 

Weighted-average remaining lease term (years)

 

7.7

 

 

8.64

 

Weighted-average discount rate

 

 

8.2

%

 

 

9.4

%

Summary of Other Lease Activity

The following table represents other lease activity:

 

 

Year Ended
December 31,

 

(in thousands)

 

2022

 

 

2021

 

Cash Flow Information

 

 

 

 

 

 

Cash paid for amounts included in the measurement of
   lease liabilities

 

 

 

 

 

 

Operating cash flows for operating leases

 

$

13,311

 

 

$

2,559

 

Right-of-use assets obtained in exchange for lease obligations

 

$

23,376

 

 

$

35

 

 

Summary of Future Lease Payments for Noncancelable Leases

Future lease payments for noncancelable leases as of were as follows:

(in thousands)

 

December 31, 2022

 

2023

 

$

6,315

 

2024

 

 

6,578

 

2025

 

 

6,644

 

2026

 

 

6,681

 

2027

 

 

6,882

 

Thereafter

 

 

19,991

 

Total lease payments

 

$

53,091

 

Less: imputed interest

 

 

(14,179

)

Present value of lease liabilities

 

$

38,912