v3.24.3
Leases
 9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Leases
8. Leases

The components of lease expense are as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Operating lease cost$3,274$3,149$9,562 $9,453
Short-term lease cost—125178 534
Financing lease cost5515 15
Total lease cost$3,279$3,279$9,755$10,002

Supplemental balance sheet information related to the Company’s operating leases is as follows (in thousands):
As of,
September 30, 2024December 31, 2023
Operating lease ROU assets$30,141$36,987
Operating lease liabilities, current13,12614,081
Operating lease liabilities, non-current29,33337,498
Total lease liabilities$42,459$51,579

Supplemental cash flow information and non-cash activity related to the Company’s leases are as follows (in thousands):

Nine Months Ended September 30,
20242023
Cash paid for operating lease liabilities, net of tenant incentives received $11,805$11,482
ROU assets recognized for new leases and amendments (non-cash)$—$1,299

Other information related to leases is as follows:

As of,
September 30, 2024December 31, 2023
Weighted average remaining lease term 3.4 years4.1 years
Weighted average discount rate5.01 %4.97 %
Future undiscounted annual cash flows for the Company’s operating leases as of September 30, 2024 are as follows (in thousands):
Fiscal Year Ending December 31,
Remaining portion of 2024$3,519
202513,249
202613,441
202712,692
20283,205
Total future undiscounted lease payments46,106
Less imputed interest(3,647)
Total lease liabilities$42,459
The table above does not include options to extend lease terms that are not reasonably certain of being exercised or leases signed but not yet commenced as of September 30, 2024.
In addition to the operating lease liabilities noted in the table above, during the three months ended September 30, 2024, the Company entered into a lease in the United Kingdom that has not yet commenced with future lease payments totaling $17.4 million over the term of the lease that are not yet recorded on the Condensed Consolidated Balance Sheets. The lease will commence in the fourth quarter of 2024 with a non-cancelable lease term of two years.
Leases
8. Leases

The components of lease expense are as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Operating lease cost$3,274$3,149$9,562 $9,453
Short-term lease cost—125178 534
Financing lease cost5515 15
Total lease cost$3,279$3,279$9,755$10,002

Supplemental balance sheet information related to the Company’s operating leases is as follows (in thousands):
As of,
September 30, 2024December 31, 2023
Operating lease ROU assets$30,141$36,987
Operating lease liabilities, current13,12614,081
Operating lease liabilities, non-current29,33337,498
Total lease liabilities$42,459$51,579

Supplemental cash flow information and non-cash activity related to the Company’s leases are as follows (in thousands):

Nine Months Ended September 30,
20242023
Cash paid for operating lease liabilities, net of tenant incentives received $11,805$11,482
ROU assets recognized for new leases and amendments (non-cash)$—$1,299

Other information related to leases is as follows:

As of,
September 30, 2024December 31, 2023
Weighted average remaining lease term 3.4 years4.1 years
Weighted average discount rate5.01 %4.97 %
Future undiscounted annual cash flows for the Company’s operating leases as of September 30, 2024 are as follows (in thousands):
Fiscal Year Ending December 31,
Remaining portion of 2024$3,519
202513,249
202613,441
202712,692
20283,205
Total future undiscounted lease payments46,106
Less imputed interest(3,647)
Total lease liabilities$42,459
The table above does not include options to extend lease terms that are not reasonably certain of being exercised or leases signed but not yet commenced as of September 30, 2024.
In addition to the operating lease liabilities noted in the table above, during the three months ended September 30, 2024, the Company entered into a lease in the United Kingdom that has not yet commenced with future lease payments totaling $17.4 million over the term of the lease that are not yet recorded on the Condensed Consolidated Balance Sheets. The lease will commence in the fourth quarter of 2024 with a non-cancelable lease term of two years.