LEASES

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

LEASES

NOTE 13—LEASES

The Company's operating leases primarily consist of real estate leases such as offices. During the three months ended September 30, 2023 and 2022, operating lease expense was $1.2 million and $1.0 million, respectively, and during the nine ended September 30, 2023 and 2022, operating lease expense was $3.7 million and $2.9 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:

	September 30, 2023			December 31, 2022
Operating lease right-of-use assets, net	$	10,212		$	15,562
Operating lease liabilities, current	$	4,219		$	4,571
Operating lease liabilities, noncurrent	6,545			11,660
Operating lease liabilities, total	$	10,764		$	16,231
Weighted average remaining lease term, years	3.2			4.0
Weighted average discount rate	4.5		%	3.3		%

Operating lease liability maturities:

Year ending December 31,	Operating Leases
Remaining 2023	$	1,083
2024	4,512
2025	2,292
2026	1,963
2027	1,356
Thereafter	382
Total undiscounted cash flows	$	11,588
Less: imputed interest	(824)
Lease liabilities, total	$	10,764

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