Leases (Tables)

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

Summary of Components of Lease Expense

The following table presents the components of lease expense for the periods ended:

	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2023		2022		2023		2022
Operating lease cost	$	1,451	$	1,415	$	4,553	$	4,203
Short-term lease cost	43		76		279		210
Variable lease cost	9		9		29		18
Sublease income	—		—		—		—
Total lease cost	$	1,503	$	1,500	$	4,861	$	4,431

Summary of 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 September 30,				Nine months ended September 30,
(in thousands)	2023		2022		2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	1,576	$	1,536	$	4,840	$	4,351
ROUA obtained in exchange for operating lease liabilities	$	(544)	$	—	$	4,311	$	4,609

Summary of 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:

	September 30,
	2023		2022
Weighted-average remaining lease term (years)	8.1		8.3
Weighted-average discount rate	3.31	%	2.91	%

Summary of Future Expected Operating Lease Payments

At September 30, 2023, future expected operating lease payments are as follows:

(in thousands)
Periods ending December 31,
2023	$	1,510
2024	5,757
2025	5,186
2026	4,642
2027	3,951
Thereafter	12,995
	34,041
Discount for present value of expected cash flows	(4,514)
Lease liability at September 30, 2023	$	29,527