Quarterly report pursuant to Section 13 or 15(d)

Leases

v3.24.1.u1
Leases
 3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Leases Leases
We have operating lease agreements primarily for offices and manufacturing spaces located in various locations with lease periods expiring between 2024 and 2030, some of which include options to extend the leases for up to five years.
The components of lease costs were as follows (in thousands):
Quarters Ended
March 31, 2024 April 2, 2023
Operating lease cost $ 879  $ 411 
Supplemental lease information:
As of
Operating leases March 31, 2024 December 31, 2023
Weighted-average remaining lease term 5.8 years 6.0 years
Weighted-average discount rate 8.5% 8.5%
Supplemental cash flow information related to leases are as follows (in thousands):
Quarters Ended
March 31, 2024 April 2, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases $ 828  $ 346 
Maturities of Lease Liabilities
The following is a schedule of maturities of lease liabilities as of March 31, 2024 (in thousands).
Operating leases
2024 (remaining 9 months) $ 2,756 
2025 3,699 
2026 3,698 
2027 3,743 
2028 3,804 
Thereafter 3,834 
Total 21,534 
Less: imputed interest (4,364)
Present value of lease liabilities $ 17,170