LEASES

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

LEASES

LEASES

The Company's operating leases primarily consist of real estate leases such as offices. During the three months ended June 30, 2023 and 2022, operating lease expense was $1.2 million and $1.0 million, respectively, and during the six ended June 30, 2023 and 2022, operating lease expense was $2.5 million and $2.1 million, respectively. The Company does not have any finance leases. Total variable and short-term lease payments were immaterial for all periods presented.

Supplemental balance sheet information related to operating leases are as follows:

	June 30, 2023			December 31, 2022
Operating lease right-of-use assets, net	$	13,033		$	15,562
Operating lease liabilities, current	$	4,538		$	4,571
Operating lease liabilities, noncurrent	9,190			11,660
Operating lease liabilities, total	$	13,728		$	16,231
Weighted average remaining lease term, years	3.7			4.0
Weighted average discount rate	3.4		%	3.3		%

Operating lease liability maturities:

Year ending December 31,	Operating Leases
Remaining 2023	$	2,438
2024	4,646
2025	2,871
2026	2,541
2027	1,751
Thereafter	382
Total undiscounted cash flows	$	14,629
Less: imputed interest	(901)
Lease liabilities, total	$	13,728

As of June 30, 2023, the Company did not have material additional operating leases that have not yet commenced.