LEASES

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

LEASES

NOTE 13—LEASES

The Company's operating leases primarily consist of real estate leases such as offices. During the quarter ended March 31, 2024 and 2023, operating lease expense was $1.2 million and $1.3 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:

	March 31, 2024			December 31, 2023
Operating lease right-of-use assets, net	$	8,461		$	9,369
Operating lease liabilities, current	3,461			4,236
Operating lease liabilities, noncurrent	5,532			5,699
Operating lease liabilities, total	$	8,993		$	9,935
Weighted average remaining lease term, years	2.9			3.1
Weighted average discount rate	4.7		%	4.5		%

Operating lease liability maturities:

Year ending December 31,	Operating Leases
Remaining 2024	$	3,323
2025	2,429
2026	2,136
2027	1,366
2028	382
Thereafter	—
Total undiscounted cash flows	$	9,636
Less: imputed interest	$	(643)
Lease liabilities, total	$	8,993

As of March 31, 2024, the Company did not have material additional operating leases that have not yet commenced.