v3.22.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Summary of lease costs
The elements of lease costs were as follows (in thousands):
Years Ended December 31,
20222021
Lease cost:
Operating lease cost$10,031 $2,686 
Variable lease cost2,026 857 
Sublease income(1,481)— 
Total lease cost$10,576 $3,543 
Summary of lease term and incremental borrowing rate
The following table summarizes the lease term and incremental borrowing rate applied in arriving at the lease liability:
As of December 31,
20222021
Remaining lease term9.1 years10.2 years
Incremental borrowing rate5.3 %5.2 %
Summary of future lease payments
Future lease payments under non-cancelable leases as of December 31, 2022 for each of the years ending December 31 are as follows (in thousands):
Undiscounted lease payments:
2023$8,571 
20248,828 
20259,093 
20269,366 
20279,646 
Thereafter52,113 
Total undiscounted lease payments97,617 
Less: imputed interest(21,947)
Total operating lease liability as of December 31, 2022$75,670