Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Summary of Components of Lease Expense

The components of lease expense were as follows:

		Year Ended December 31,
	Statement of Operations Location	2023			2022
Operating lease cost
Lease cost	Selling, general and administrative expense	$	11,663		$	10,017
Variable lease cost	Selling, general and administrative expense		1,313			1,319
Lease termination gain—net (1)	Selling, general and administrative expense		(737	)		—
Impairment of ROU asset (2)	Other income/ expense		—			725
Total operating lease cost		$	12,239		$	12,061
Finance lease cost
Amortization of ROU assets	Depreciation and amortization	$	5,351		$	4,179
Interest on lease liabilities	Interest expense—net		655			467
Total finance lease cost			6,006			4,646
Total lease cost		$	18,245		$	16,707

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(1) During the year ended December 31, 2023, the Company became responsible for a lease surrender liability of $8.3 million as a result of terminating one of its newly acquired businesses' lease agreements. The lease surrender fee is payable in equal installments beginning on February 28, 2024, through December 31, 2031. The present value of the current and long term portion of the surrender fee liability of $0.5 million and $5.4 million, on a discounted basis, is included in accounts payable and other accrued liabilities and other non-current liabilities, respectively, on the consolidated statements of financial position. Upon the termination of the lease, the Company wrote off the related $2.3 million and $8.9 million, ROU asset and lease liability, respectively, and recorded a gain of $0.7 million, net of the surrender fee, within selling, general and administrative expense on the consolidated statements of operations.

(2) During the year ended December 31, 2022, the Company vacated certain of its real estate space that is no longer needed for current operations. The impairment analysis on these ROU assets resulted in an impairment loss of $0.7 million.

Summary of Supplemental Cash Flow Information Related To Leases

Supplemental cash flows information related to leases was as follows:

	Year Ended December 31,
	2023		2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows used in finance leases	$	655	$	467
Operating cash flows used in operating leases		11,931		9,662
Financing cash flows used in finance leases		5,797		3,967
Lease liabilities arising from new ROU assets
Operating leases	$	31,459	$	12,443
Finance leases		7,636		4,915

Summary of Weighted Average Remaining Lease Terms and Weighted Average Discount Rates

Weighted average remaining lease terms and weighted average discount rates were:

	Year Ended December 31,
	2023		2022
	Operating Leases	Finance Leases	Operating Leases	Finance Leases
Weighted average remaining lease term (years)	4.42	3.51	4.43	3.30
Weighted average discount rate	4.16%	6.32%	2.64%	5.37%

Schedule of Maturities of Lease Liabilities

The following is a schedule by year of the maturities of lease liabilities with original terms in excess of one year:

	December 31,
	Operating Leases			Finance Leases
2024	$	11,185		$	4,582
2025		8,692			3,502
2026		6,560			2,866
2027		4,556			1,865
2028 and thereafter		7,573			737
Total undiscounted future minimum lease payments		38,566			13,552
Less imputed interest		(3,555	)		(1,411	)
Total discounted future minimum lease payments	$	35,011		$	12,141