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LEASES (Tables)
 3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Schedule of Expense
Three Months Ended
March 31,
(in thousands)20242023
Fixed lease costs$4,262 $5,766 
Short-term lease costs543 781 
Variable lease costs1,609 1,975 
$6,414 $8,522 
Schedule of Right of Use Asset and Lease Liabilities
(in thousands)March 31, 2024December 31, 2023
Right of use assets (1)
$61,512 $64,198 
Operating lease liabilities (2)
$14,184 $15,000 
Long-term operating lease liabilities$63,645 $66,901 
(1) Included in other long-term assets.
(2) Included in other current liabilities.
Schedule of Weighted Average and Discount Rate
Weighted-average remaining lease term and discount rate for the Company’s leases were:
March 31, 2024December 31, 2023
Weighted-average remaining lease term6.7 years6.8 years
Weighted-average discount rate (1)
4.0 %4.0 %
(1) The rates implicit in most of the Company’s leases are not readily determinable. Therefore, the Company uses its incremental borrowing rate as the discount rate when measuring operating lease liabilities. The incremental borrowing rate represents an estimate of the interest rate the Company would incur to borrow an amount equal to the lease payments on a collateralized basis over the lease term in a similar economic environment.
Schedule of Maturities of Lease Liabilities
Maturities of lease liabilities:
(in thousands)March 31, 2024
Remainder of 2024$12,700 
202516,024 
202611,246 
202710,066 
20289,334 
20298,500 
Thereafter21,647 
Total lease payments89,517 
Less: imputed interest (1)
(11,688)
$77,829 
(1) Lease liabilities are measured at the present value of the remaining lease payments using a discount rate determined at lease commencement unless the discount rate is updated due to a lease reassessment event.
Schedule of Cash Flow Lease Information
Three Months Ended
March 31,
(in thousands)20242023
Cash paid for operating leases, net of tenant improvement allowances$5,069 $5,038 
Right of use assets recognized for new leases and amendments (non-cash)$1,095 $721