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Leases (Tables)
3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Schedule of Right-of-Use Assets and the Corresponding Lease Liabilities Information regarding the Company's right-of-use assets and the corresponding lease liabilities are as follows:

 

 

 

March 31,
2024

 

 

December 31,
2023

 

(In thousands)

 

 

 

 

 

 

Right-of-use assets

 

$

5,120

 

 

$

5,522

 

Lease liabilities

 

 

5,335

 

 

 

5,758

 

Schedule of Rent Expenses The Company's rent expense is as follows:

 

 

Three months ended

 

 

March 31,

 

 

2024

 

 

2023

 

(In thousands)

 

 

 

 

 

Operating lease expense

$

858

 

 

$

833

 

Variable and short-term lease expense

 

75

 

 

 

45

 

Rent expense

$

933

 

 

$

878

 

 

Schedule of Future Minimum Lease Payments to be Paid under Operating Leases The future minimum lease payments to be paid under operating leases are as follows:

 

 

 

March 31,
2024

 

(In thousands)

 

 

 

2024 (remaining nine months)

 

$

1,956

 

2025

 

 

2,037

 

2026

 

 

900

 

2027

 

 

223

 

2028

 

 

127

 

Thereafter

 

 

895

 

Total future lease payments

 

 

6,138

 

Present value adjustment

 

 

(803

)

Present value of future lease payments

 

$

5,335