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Leases (Tables)
3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Components of Lease Expense The following table presents the components of lease expense for the periods ended:
Three months ended March 31,
(in thousands)20232022
Operating lease cost$1,609 $1,319 
Short-term lease cost118 53 
Variable lease cost12 
Sublease income— — 
Total lease cost$1,739 $1,374 
Supplemental Cash Flow Information Related to Leases The following table presents supplemental cash flow information related to leases for the periods ended:
Three months ended March 31,
(in thousands)20232022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$1,653 $1,292 
ROUA obtained in exchange for operating lease liabilities$4,484 $3,867 
Weighted Average Operating Lease Term And Discount Rate The following table presents the weighted average operating lease term and discount rate as of the period ended:
March 31,
20232022
Weighted-average remaining lease term (years)8.38.8
Weighted-average discount rate3.27 %2.90 %
Future Expected Operating Lease Payments
At March 31, 2023, future expected operating lease payments are as follows:
(in thousands)
Periods ending December 31,
2023$4,505 
20245,798 
20255,229 
20264,688 
20274,001 
Thereafter13,071 
37,292 
Discount for present value of expected cash flows(5,064)
Lease liability at March 31, 2023$32,228