v3.24.0.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2023
Summary of Operating Lease Costs

The following table summarizes operating lease costs as well as sublease income (in thousands):

 

 

Years Ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

Operating lease costs

 

$

22,063

 

 

$

19,536

 

 

$

18,309

 

Variable lease costs

 

 

5,777

 

 

 

4,364

 

 

 

2,065

 

Short-term lease costs

 

 

9,000

 

 

 

307

 

 

 

1,145

 

Sublease income

 

 

—

 

 

 

(1,319

)

 

 

(110

)

Total

 

$

36,840

 

 

$

22,888

 

 

$

21,409

 
Summary of Lease Term and Discount Rate

The following table summarizes the lease term and discount rate for operating leases:

 

 

December 31,

 

 

 

2023

 

 

2022

 

Weighted-average remaining lease term (years)

 

10.3

 

 

 

11.0

 

Weighted-average discount rate

 

 

7.6

%

 

 

7.5

%
Summary of Lease Costs Included in Measurement of Lease Liabilities

The following table summarizes the lease costs included in the measurement of lease liabilities (in thousands):

 

 

 

Years Ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

Operating cash flows used for operating leases

 

$

22,603

 

 

$

19,052

 

 

$

11,462

 

Operating lease liabilities arising from obtaining ROU assets

 

 

3,852

 

 

 

41,050

 

 

 

25,925

 
Summary of Future Maturity of Operating Leases

At December 31, 2023, the future maturity of the Company’s operating leases for each of the next five years and total thereafter were as follows (in thousands):

 

Years ending December 31,

 

Amount

 

2024

 

$

24,985

 

2025

 

 

25,315

 

2026

 

 

22,526

 

2027

 

 

23,157

 

2028

 

 

22,806

 

Thereafter

 

 

132,500

 

Undiscounted lease payments

 

 

251,289

 

Less: imputed interest

 

 

(78,600

)

Total operating lease liabilities

 

$

172,689