Leases (Tables)
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9 Months Ended |
Sep. 30, 2023 |
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| Leases [Abstract] |
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| Schedule of supplemental balance sheet information related to leases |
Supplemental balance sheet information related to leases are summarized as follows:
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Operating leases |
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Balance Sheet Location |
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September 30,
2023 |
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December 31, 2022 |
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ROU assets, net (1) |
|
Right-of-use assets |
|
$ |
77,353 |
|
|
$ |
30,079 |
|
Lease liabilities, short-term |
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Other current liabilities |
|
$ |
12,975 |
|
|
$ |
3,786 |
|
Lease liabilities, long-term |
|
Lease liability |
|
$ |
74,678 |
|
|
$ |
30,583 |
|
(1) Includes impact of write off of abandoned right-of-use assets of $5,122 and impairment charge of $92 related to the restructuring plan. See Note 17 for additional information.
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| Summary of components of lease expense |
Components of lease expense during the three and nine months ended September 30, 2023 and 2022, are summarized as follows:
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Three Months Ended September 30, |
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2023 |
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2022 |
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Third-party leases |
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Total |
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Related-party lease |
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Third-party leases |
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Total |
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Operating lease costs |
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$ |
4,663 |
|
|
$ |
4,663 |
|
|
$ |
80 |
|
|
$ |
983 |
|
|
$ |
1,063 |
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Variable lease costs |
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|
589 |
|
|
|
589 |
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|
|
— |
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|
|
207 |
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|
|
207 |
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Short-term lease costs |
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|
— |
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|
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— |
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|
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— |
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|
|
— |
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|
|
— |
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Total |
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$ |
5,252 |
|
|
$ |
5,252 |
|
|
$ |
80 |
|
|
$ |
1,190 |
|
|
$ |
1,270 |
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Nine Months Ended September 30, |
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2023 |
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|
2022 |
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|
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Third-party leases |
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Total |
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Related-party lease |
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Third-party leases |
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Total |
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Operating lease costs |
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$ |
9,990 |
|
|
$ |
9,990 |
|
|
$ |
239 |
|
|
$ |
2,513 |
|
|
$ |
2,752 |
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Variable lease costs |
|
|
1,354 |
|
|
|
1,354 |
|
|
|
— |
|
|
|
594 |
|
|
|
594 |
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Short-term lease costs |
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|
— |
|
|
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— |
|
|
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— |
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|
|
108 |
|
|
|
108 |
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Total |
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$ |
11,344 |
|
|
$ |
11,344 |
|
|
$ |
239 |
|
|
$ |
3,215 |
|
|
$ |
3,454 |
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| Schedule of supplemental cash flow information related to operating leases |
Supplemental cash flow information related to operating leases during the three and nine months ended September 30, 2023 and 2022, are summarized as follows:
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Three Months Ended September 30, |
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|
|
2023 |
|
|
2022 |
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Cash paid for amounts included in the measurement of operating lease liabilities |
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$ |
5,576 |
|
|
$ |
1,038 |
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Lease liabilities arising from new ROU assets |
|
$ |
4,011 |
|
|
$ |
10,305 |
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Nine Months Ended September 30, |
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|
|
2023 |
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|
2022 |
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Cash paid for amounts included in the measurement of operating lease liabilities |
|
$ |
10,356 |
|
|
$ |
2,783 |
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Lease liabilities arising from new ROU assets |
|
$ |
66,175 |
|
|
$ |
10,305 |
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| Schedule of other information related to leases |
Other information related to leases is summarized as follows:
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September 30, 2023 |
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|
December 31, 2022 |
|
Weighted average remaining lease term (years) |
|
|
6.7 |
|
|
|
7.5 |
|
Weighted average discount rate |
|
|
8.7 |
% |
|
|
8.8 |
% |
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| Schedule of future minimum lease payments |
Maturities of lease liabilities as of September 30, 2023 are summarized as follows:
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|
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Amount |
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Remainder of 2023 |
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$ |
7,796 |
|
|
2024 |
|
|
16,654 |
|
|
2025 |
|
|
17,373 |
|
|
2026 |
|
|
17,523 |
|
|
2027 |
|
|
16,712 |
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Thereafter |
|
|
41,798 |
|
|
Total future lease payments |
|
|
117,856 |
|
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Less: imputed interest |
|
|
30,203 |
|
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Total |
|
$ |
87,653 |
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