Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.24.1.u1
Leases (Tables)
 3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Schedule of Supplemental Balance Sheet Information Related to Leases

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

 

Operating leases

 

Balance Sheet Location

 

March 31, 2024

 

 

December 31, 2023

 

ROU assets, net

 

 Right-of-use assets

 

$

55,623

 

 

$

71,413

 

Lease liabilities, short-term

 

Other current liabilities

 

$

6,461

 

 

$

9,109

 

Lease liabilities, long-term

 

 Lease liability

 

$

54,258

 

 

$

70,141

 
Summary of Components of Lease Expense

Components of lease expense during the three months ended March 31, 2024 and 2023, are summarized as follows:

 

 

 

For the three months ended March 31,

 

 

 

2024

 

 

2023

 

Operating lease costs

 

$

3,774

 

 

$

2,150

 

Variable lease costs

 

 

173

 

 

 

347

 

Total

 

$

3,947

 

 

$

2,497

 

 
Schedule of Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to operating leases during the three months ended March 31, 2024 and 2023, are summarized as follows:

 

 

 

Three Months Ended March 31,

 

 

 

2024

 

 

2023

 

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

 

$

1,741

 

 

$

1,963

 

Lease liabilities arising from new ROU assets

 

$

—

 

 

$

11,621

 
Schedule of Other Information Related to Leases

Other information related to leases is summarized as follows:

 

 

 

March 31, 2024

 

 

December 31, 2023

 

Weighted average remaining lease term (years)

 

 

6.7

 

 

 

6.7

 

Weighted average discount rate

 

 

9.5

%

 

 

8.4

%

 
Schedule of Future Minimum Lease Payments

Maturities of lease liabilities as of March 31, 2024 are summarized as follows:

 

 

 

Amount

 

 

Remainder of 2024

 

$

10,956

 

 

2025

 

 

13,224

 

 

2026

 

 

13,045

 

 

2027

 

 

12,453

 

 

2028

 

 

10,355

 

 

Thereafter

 

 

23,661

 

 

Total future lease payments

 

 

83,694

 

 

Less: imputed interest

 

 

22,975

 

 

Total

 

$

60,719