Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.24.3
Leases (Tables)
 9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases is summarized as follows:

 

Operating leases

 

Balance Sheet Location

 

September 30, 2024

 

 

December 31, 2023

 

ROU assets, net (1)

 

 Right-of-use assets

 

$

34,160

 

 

$

71,413

 

Lease liabilities, short-term

 

Other current liabilities

 

$

7,054

 

 

$

9,109

 

Lease liabilities, long-term

 

 Lease liability

 

$

33,501

 

 

$

70,141

 

 

(1)
As of September 30, 2024, includes impact of impairment charges of $4,323 related to the restructuring plan. See Note 17 for additional information.
Summary of Components of Lease Expense

The following table presents the components of lease expense:

 

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Operating lease costs

 

$

2,789

 

 

$

4,663

 

 

$

8,737

 

 

$

9,990

 

Variable lease costs

 

 

215

 

 

 

589

 

 

 

673

 

 

 

1,354

 

Total

 

$

3,004

 

 

$

5,252

 

 

$

9,410

 

 

$

11,344

 

 
Schedule of Supplemental Cash Flow Information Related to Operating Leases

The following table presents the supplemental cash flow information related to operating leases:

 

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Cash paid for amounts included in the measurement of operating lease liabilities

 

$

1,597

 

 

$

5,576

 

 

$

4,820

 

 

$

10,356

 

Lease liabilities arising from new ROU assets

 

$

1,394

 

 

$

4,011

 

 

$

1,394

 

 

$

66,175

 
Schedule of Other Information Related to Leases

The following table presents other information related to leases:

 

 

 

September 30, 2024

 

 

December 31, 2023

 

Weighted average remaining lease term (years)

 

 

5.0

 

 

 

6.7

 

Weighted average discount rate

 

 

10.2

%

 

 

8.4

%
Schedule of Future Minimum Lease Payments

Maturities of lease liabilities as of September 30, 2024 are summarized as follows:

 

 

 

Amount

 

 

Remainder of 2024

 

$

4,037

 

 

2025

 

 

9,794

 

 

2026

 

 

9,852

 

 

2027

 

 

9,256

 

 

2028

 

 

6,998

 

 

Thereafter

 

 

13,318

 

 

Total future lease payments

 

 

53,255

 

 

Less: imputed interest

 

 

12,700

 

 

Total

 

$

40,555