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Leases (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Summary of Balances for Operating and Finance Leases
The balances for the operating and finance leases where the Company is the lessee are presented within the consolidated balance sheets as follows (in thousands):
As of December 31, 2022
Operating leases:
Operating lease right-of-use assets$44,952 
Operating lease liabilities, current$6,007 
Operating lease liabilities, noncurrent42,169 
Total operating lease liabilities$48,176 
Finance leases:
Property and equipment, at cost$2,465 
Accumulated depreciation(882)
Property and equipment, net$1,583 
Accrued expenses and other current liabilities$1,116 
Other liabilities2,429 
Total finance lease obligations$3,545 
Components of Lease Expense and Supplemental Cash Flow Information
The components of lease expense were as follows (in thousands):
Year Ended December 31, 2022
Operating lease expense:
Operating lease expense (1)(2)
$9,112 
Finance lease expense:
Amortization of leased assets$1,454 
Interest on lease liabilities592 
Total finance lease expense$2,046 
Total lease expense$11,158 
(1)    Includes short-term leases and variable lease costs, which are immaterial.
(2)    Excludes sublease income, which is immaterial.
Other information related to leases where the Company is the lessee is as follows:
As of December 31, 2022
Weighted-average remaining lease term:
Operating leases8.5 years
Finance leases2.8 years
Weighted-average discount rate:
Operating leases4.4 %
Finance leases11.2 %
Supplemental cash flow information related to leases where the Company is the lessee is as follows (in thousands):
Year Ended December 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$6,768 
Operating cash flows from finance leases (interest payments)$420 
Financing cash flows from finance leases$1,252 
Right-of-use assets obtained in exchange for lease obligations:
Operating lease liabilities$48,523 
Finance lease liabilities$11,056 
Schedule of Operating Leases
As of December 31, 2022, the maturities of the Company's operating and financing lease liabilities (excluding short-term leases) are as follows (in thousands):
Operating Leases
Finance Leases
2023$7,649 $1,433 
20247,711 1,430 
20257,608 1,157 
20267,818 106 
20276,884 — 
Thereafter21,605 — 
Total minimum lease payments59,275 4,126 
Less: lease incentives receivable(1)
(646)— 
Less: imputed interest(10,453)(581)
Present value of minimum lease payments48,176 3,545 
Less: current portion(6,007)(1,116)
Lease obligations, noncurrent$42,169 $2,429 
(1) Lease incentives receivable represent amounts relating to the Company's leasehold improvements that will be paid by the landlord pursuant to lease provisions with relevant landlord.
Prior to the adoption of ASC 842, future minimum lease payments for non-cancelable operating and capital leases as of December 31, 2021 were as follows (in thousands):
Operating LeasesCapital Leases
2022$7,660 $1,253 
20237,891 978 
20245,126 963 
20253,435 1,761 
20263,049 — 
Thereafter
22,524 — 
Total minimum lease payments
$49,685 4,955 
Amount representing interest
(1,317)
Present value of minimum lease payments
$3,638 
Schedule of Finance Leases
As of December 31, 2022, the maturities of the Company's operating and financing lease liabilities (excluding short-term leases) are as follows (in thousands):
Operating Leases
Finance Leases
2023$7,649 $1,433 
20247,711 1,430 
20257,608 1,157 
20267,818 106 
20276,884 — 
Thereafter21,605 — 
Total minimum lease payments59,275 4,126 
Less: lease incentives receivable(1)
(646)— 
Less: imputed interest(10,453)(581)
Present value of minimum lease payments48,176 3,545 
Less: current portion(6,007)(1,116)
Lease obligations, noncurrent$42,169 $2,429 
(1) Lease incentives receivable represent amounts relating to the Company's leasehold improvements that will be paid by the landlord pursuant to lease provisions with relevant landlord.
Prior to the adoption of ASC 842, future minimum lease payments for non-cancelable operating and capital leases as of December 31, 2021 were as follows (in thousands):
Operating LeasesCapital Leases
2022$7,660 $1,253 
20237,891 978 
20245,126 963 
20253,435 1,761 
20263,049 — 
Thereafter
22,524 — 
Total minimum lease payments
$49,685 4,955 
Amount representing interest
(1,317)
Present value of minimum lease payments
$3,638