Leases

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

Leases

Leases

Our leases consist of operating lease agreements principally related to our corporate and subsidiary office locations. Currently, we do not enter into any financing lease agreements. Our leases have remaining lease terms of less than 1 year to approximately 10 years, most of which generally include renewal options of varying terms.

Our total lease expense amounted to approximately $0.9 million and $1.2 million for the three months ended June 30, 2023 and 2022, respectively, and $1.9 million and $2.3 million for the six months ended June 30, 2023 and 2022, respectively. Our lease expense is generally based on fixed payments stated within the agreements. Any variable payments for non-lease components and other short term lease expenses are not considered material.

Additional Information

Additional information related to our right of use assets and related lease liabilities is as follows:

	June 30, 2023
Cash paid for operating lease liabilities (in thousands)	$	1,985
Weighted average remaining lease term (years)	3.0
Weighted average discount rate	5.0		%

Maturities of our operating lease liabilities as of June 30, 2023 are as follows:

	Operating Leases
	(In thousands)
Remainder of 2023	$	2,925
2024	3,935
2025	1,288
2026	280
2027	248
Thereafter	1,386
Total	10,062
Less: imputed interest	(3,516)
Total lease liabilities	$	6,546