9. Leases

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

Lessee, Operating Leases

9. Leases

Our lease arrangements include land associated with our corporate and administrative offices, land for our international manufacturing facilities, and certain of our manufacturing equipment. Such leases primarily relate to assets located in the United States, Malaysia, India, and Vietnam.

The following table presents certain quantitative information related to our lease arrangements for the three and nine months ended September 30, 2023 and 2022, and as of September 30, 2023 and December 31, 2022 (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023			2022
Operating lease cost	$	2,980	$	3,034	$	8,931		$	11,643
Variable lease cost	512		635		2,528			1,838
Short-term lease cost	150		48		318			300
Total lease cost	$	3,642	$	3,717	$	11,777		$	13,781
Payments of amounts included in the measurement of operating lease liabilities					$	8,513		$	11,867
Lease assets obtained in exchange for operating lease liabilities					$	1,791		$	3,992
					September 30, 2023			December 31, 2022
Operating lease assets					$	81,512		$	93,185
Operating lease liabilities – current					9,647			9,193
Operating lease liabilities – noncurrent					34,222			40,589
Weighted-average remaining lease term					5 years			6 years
Weighted-average discount rate					5.1		%	5.1		%

As of September 30, 2023, the future payments associated with our lease liabilities were as follows (in thousands):

	Total Lease Liabilities
Remainder of 2023	$	2,903
2024	11,340
2025	10,365
2026	8,255
2027	5,760
2028	5,873
Thereafter	5,313
Total future payments	49,809
Less: interest	(5,940)
Total lease liabilities	$	43,869