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COMMITMENTS AND CONTINGENCIES (Tables)
9 Months Ended
Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]  
Summary of Lease Cost
The following is a summary of the Company’s leases as of September 30, 2022 (dollar amounts in thousands):
Right-of-use assets, included in Other assets$15,539 
Lease Liabilities, included in Other liabilities$17,881 
Weighted-average remaining lease term (in years)4.4
Weighted-average discount rate4.22 %
The components of lease expense included in general and administrative in the condensed consolidated and combined statements of operations for the three and nine months ended September 30, 2022 are as follows (in thousands):
Three Months Ended September 30, 2022Nine Months Ended September 30, 2022
Operating lease costs$1,116 $3,237 
Variable lease costs71 173 
Total lease costs, included in general and administrative expenses$1,187 $3,410 
Cash paid for amounts included in the measurement of operating lease liabilities$1,043 $3,104 
Summary of Maturities of Operating Lease Liabilities
As of September 30, 2022, the maturities of operating lease liabilities were as follows (in thousands):
Remainder of 2022$1,273 
20235,140 
20244,163 
20253,222 
20263,061 
Thereafter2,738 
Total lease liabilities19,597 
Less: Imputed interest(1,716)
Total operating lease liabilities$17,881