Leases (Tables)
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12 Months Ended |
Dec. 31, 2023 |
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| Leases [Abstract] |
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| Supplemental Lease Information |
Supplemental balance sheet information related to leases was as follows (in thousands, except lease term and discount rate):
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December 31, 2023 |
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December 31, 2022 |
| Operating leases |
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| Assets |
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| Operating lease right-of-use assets |
$ |
28,286 |
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|
$ |
25,149 |
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| Liabilities |
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| Operating lease liabilities, current |
$ |
4,312 |
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|
3,710 |
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| Operating lease liabilities, non-current |
26,349 |
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|
23,613 |
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| Total operating lease liabilities |
$ |
30,661 |
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$ |
27,323 |
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| Finance leases |
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| Assets |
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| Financing lease right-of-use assets |
$ |
10,150 |
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$ |
4,903 |
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| Accumulated amortization |
(2,701) |
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|
(1,638) |
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| Financing lease right-of-use assets, net |
$ |
7,449 |
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$ |
3,265 |
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| Liabilities |
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| Finance lease liabilities, current |
$ |
1,597 |
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$ |
522 |
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| Finance lease liabilities, non-current |
4,411 |
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|
821 |
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| Total finance lease liabilities |
$ |
6,008 |
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$ |
1,343 |
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December 31, 2023 |
December 31, 2022 |
| Weighted-average remaining lease term (years) |
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| Operating leases |
6.3 years |
7.7 years |
| Finance leases |
4.1 years |
3.0 years |
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| Weighted-average discount rate |
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| Operating leases |
6.9 |
% |
5.6 |
% |
| Finance leases |
7.7 |
% |
6.9 |
% |
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The table below presents certain supplemental information related to the cash flows for operating and finance leases recorded on the consolidated statements of cash flows:
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Year Ended December 31, |
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2023 |
2022 |
| Cash paid for amounts included in the measurement of lease liabilities |
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| Operating cash flows from operating leases |
$ |
(5,559) |
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$ |
(5,427) |
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| Operating cash flows from finance leases |
$ |
(243) |
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$ |
(66) |
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| Finance cash flows from finance leases |
$ |
(583) |
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$ |
(777) |
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| Right-of-use assets obtained in exchange for lease obligations: |
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| Operating lease liabilities |
$ |
5,652 |
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$ |
29,202 |
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| Finance lease liabilities |
$ |
5,221 |
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$ |
694 |
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| Schedule of Future Minimum Payments, Operating Leases |
Maturities of lease liabilities as of December 31, 2023 were as follows:
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December 31, 2023 |
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Operating Leases |
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Finance Leases |
| 2024 |
$ |
6,011 |
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|
$ |
1,669 |
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| 2025 |
6,204 |
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|
1,627 |
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| 2026 |
6,175 |
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|
1,329 |
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| 2027 |
6,168 |
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|
1,224 |
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| 2028 |
5,636 |
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|
1,174 |
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| 2029 and thereafter |
8,638 |
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|
166 |
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| Total undiscounted lease payments |
$ |
38,832 |
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|
$ |
7,189 |
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| Less: imputed interest |
(8,171) |
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|
(1,181) |
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| Total lease liabilities |
$ |
30,661 |
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|
$ |
6,008 |
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| Schedule of Future Minimum Payments, Finance Leases |
Maturities of lease liabilities as of December 31, 2023 were as follows:
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December 31, 2023 |
|
Operating Leases |
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Finance Leases |
| 2024 |
$ |
6,011 |
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|
$ |
1,669 |
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| 2025 |
6,204 |
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|
1,627 |
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| 2026 |
6,175 |
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|
1,329 |
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| 2027 |
6,168 |
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|
1,224 |
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| 2028 |
5,636 |
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|
1,174 |
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| 2029 and thereafter |
8,638 |
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|
166 |
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| Total undiscounted lease payments |
$ |
38,832 |
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$ |
7,189 |
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| Less: imputed interest |
(8,171) |
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|
(1,181) |
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| Total lease liabilities |
$ |
30,661 |
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$ |
6,008 |
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| Schedule of Lease Costs |
The table below presents certain information related to the lease costs for the year ended December 31, 2023:
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Year Ended December 31, |
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2023 |
2022 |
| Operating lease cost |
$ |
5,760 |
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$ |
5,640 |
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| Finance Leases |
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| Amortization of right-of-use assets |
1,063 |
|
537 |
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| Interest on lease liabilities |
243 |
|
66 |
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| Other Lease Costs |
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| Short-term lease cost |
2,342 |
|
1,402 |
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Variable lease cost(1)
|
2,414 |
|
1,235 |
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| Total lease cost |
$ |
11,822 |
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$ |
8,880 |
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(1) Consist primarily of common-area maintenance, taxes and utilities
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