v3.24.2
COMMITMENTS AND CONTINGENCIES (Tables)
 6 Months Ended
Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]  
Summary of Lease Cost
The following table summarizes the lease cost for the three and six months ended June 30, 2024 and 2023 (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Operating lease cost$1,965 $1,972 $3,936 $3,955 
Total lease cost$1,965 $1,972 $3,936 $3,955 
June 30, 2024December 31, 2023
Other information:
Weighted-average remaining lease term - Operating leases (in years)
5.015.43
Weighted-average discount rate - Operating leases (%)
7.1 %7.1 %
The following table summarizes the supplemental cash flow information related to leases for the three and six months ended June 30, 2024 and 2023 (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows used for operating leases$1,468 $1,366 $2,829 $2,699 
Summary of Future Minimum Lease Commitments under Operating and Finance Leases
Maturities of operating lease liabilities as of June 30, 2024 are as follows (in thousands):
Years Ending December 31,Operating Leases
Remainder of 2024$4,010 
20257,929 
20267,164 
20277,274 
20286,599 
Thereafter4,115 
Total lease payments37,091 
Less imputed interest5,643 
Present value of future minimum lease payments31,448 
Less operating lease liability, current portion6,062 
Operating lease liability, less current portion$25,386