XML 36 R13.htm IDEA: XBRL DOCUMENT v3.24.0.1
Leases
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Leases Leases
Operating right-of-use assets and lease liabilities as of December 31, 2023 and December 31, 2022 comprises the following:

(in thousands)
December 31, 2023December 31, 2022
Right-of-use assets, net
$12,120 $15,637 
Lease liabilities, current
$4,598 $4,958 
Lease liabilities, non-current
9,319 12,689 
Total lease liabilities$13,917 $17,647 

Operating lease costs for the years ended December 31, 2023, 2022, and 2021 were $5.2 million, $5.0 million, and $3.3 million, respectively. Short-term lease cost and variable lease costs were immaterial for the years ended December 31, 2023, 2022, and 2021.

The following table summarizes future operating lease payments as of December 31, 2023:
(in thousands)Future Minimum Payments
2024$4,816 
20252,110 
20261,744 
20271,228 
20281,056 
Thereafter4,162 
Total15,116 
Less: Imputed Interest(1,199)
Present value of net lease payments$13,917 

The following table includes supplemental operating lease information:
Year Ended December 31,
Supplemental Cash Flow Information (dollars in thousands)202320222021
Cash paid for amounts included in the measurement of lease liabilities$5,419 $2,981 $3,041 
Lease liabilities arising from new right-of-use assets
$1,181 $4,476 $5,707 
Weighted average remaining lease term (in years)6.16.06.3
Weighted average discount rate3.18 %2.98 %2.75 %
Finance lease balances are not material and are included in property and equipment and other accrued expenses on the Consolidated Balance Sheets.