Quarterly report pursuant to Section 13 or 15(d)

Operating Leases (Tables)

v3.23.2
Operating Leases (Tables)
 6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Schedule of Liability and Interest Expense for Failed Leaseback Transaction
Future minimum payments under the failed sale leaseback are as follows (in thousands):

2023 (excluding the six months ended June 30, 2023) 1,087 
2024 3,200 
2025 3,635 
2026 4,097 
2027 4,302 
Thereafter 26,031 
Total payments 42,352 
Schedule of Future Minimum Rental Payments for Operating Leases
Maturities of the Company’s operating lease liabilities at June 30, 2023 were as follows (in thousands):
Operating
Lease
2023 (excluding the six months ended June 30, 2023)
 $ 2,681 
2024 5,573 
2025 5,728 
2026 5,504 
2027 5,532 
Thereafter 29,520 
Total lease payments 54,538 
Less: imputed interest(1)
14,366 
Present value of operating lease liabilities
 40,172 
Current portion of operating lease liabilities(2)
2,864 
Operating lease liabilities, net of current portion $ 37,308 
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(1)Calculated using the incremental borrowing rate
(2)Included within Accrued expenses and other current liabilities line item on the Condensed Consolidated Balance Sheet.