Leases

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Leases

10.Leases

The Company leases office space under operating leases expiring at various dates through 2028. For the years ended December 31, 2022, 2021 and 2020, the Company incurred operating lease costs of $1.7 million, $1.0 million, and $0.8 million respectively. For operating leases, the weighted-average remaining term is 7.2, 3.4, and 2.6 years with a weighted-average discount rate of 5%, 5%, and 8% for the years ended December 31, 2022, 2021, and 2020 respectively.

Maturities of lease liabilities as of December 31, 2022 were as follows (in thousands):

2023	$	1,350
2024		823
2025		561
2026		564
2027		499
Thereafter		1,602
Total lease payments		5,399
Less imputed interest		(820	)
Total	$	4,579

The following amounts relate to operating leases were recorded on the Company's Consolidated Balance Sheets at December 31, 2022 and 2021 (in thousands):

		2022			2021
Operating lease right of use assets:
Other assets	$		4,408	$		3,264
Operating lease liabilities:
Accrued other liabilities	$		1,170	$		1,306
Other long-term liabilities	$		3,408	$		2,049

The Company recorded right of use assets in exchange for new lease liabilities of $2.7 million, $2.1 million, and $0.7 million during the years ended December 31, 2022, 2021, and 2020, respectively.