Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Summary of Lease Costs and Other Information

The following table contains a summary of the lease costs recognized under ASC 842 and other information pertaining to the Company’s operating leases:


		Year Ended December 31,
		2023				2022
		(In thousands)
Lease cost
Operating lease cost		$	27,849			$	18,031
Variable lease cost			6,991				4,443
Sublease income			(1,439	)			-
Net lease cost		$	33,401			$	22,474

		Year Ended December 31,
		2023				2022
		(In thousands)
Other information
Operating cash flows used for operating leases		$	25,456			$	14,656
Operating lease liabilities arising from obtaining right-of-use assets			1,311				67,053

		As Of December 31,
		2023				2022
Lease term and discount rate
Weighted average remaining lease term		6.2 years				6.9 years
Weighted average discount rate		7.37%				7.20%

Schedule of Reconciliation of Undiscounted Cash Flows for Operating Lease Liabilities / Future Minimum Lease Payments

The table below reconciles the undiscounted cash flows for each of the next five years and total of the remaining years to the operating lease liabilities recorded in the consolidated balance sheet as of December 31, 2023:


Future Operating Lease Payments
Year Ending December 31,		(in thousands)
2024		$	26,395
2025			25,933
2026			25,110
2027			17,548
2028			12,300
Thereafter			39,260
Total lease payments		$	146,546
Less: imputed interest			(31,200	)
Total operating lease liabilities at December 31, 2023		$	115,346