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Leases (Tables)
3 Months Ended
Mar. 31, 2024
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)20242023
Operating lease cost$1,434 $1,609 
Short-term lease cost52 118 
Variable lease cost13 12 
Sublease income— — 
Total lease cost$1,499 $1,739 
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)20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$1,568 $1,653 
ROUA obtained in exchange for operating lease liabilities$1,327 $4,484 
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,
20242023
Weighted-average remaining lease term (years)7.98.3
Weighted-average discount rate3.42 %3.27 %
Future Expected Operating Lease Payments
At March 31, 2024, future expected operating lease payments are as follows:
(in thousands)
Periods ending December 31,
2024$4,376 
20255,337 
20264,799 
20274,114 
20283,061 
Thereafter10,973 
32,660 
Discount for present value of expected cash flows(4,361)
Lease liability at March 31, 2024$28,299