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LEASES (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Operating lease right-of-use assets and liabilities
Information related to the Company’s operating right-of-use assets and related operating lease liabilities were as follows (dollar amounts in thousands, except lease term and discount rate):
As of December 31,20222021
Assets:
Operating lease right-of-use assets$16,145 $18,349 
Liabilities:
Current4,266 4,350 
Long-term13,745 15,919 
Total operating lease liabilities$18,011 $20,269 

Weighted-average remaining lease term5.05.7
Weighted-average discount rate3.91 %4.00 %

Year Ended December 31,20222021
Cash paid for operating lease liabilities$5,579 $6,257 
Right-of-use assets obtained in exchange for new operating lease obligations3,181 3,961 
Cancellations or adjustments of leases that resulted in the reduction of lease assets in exchange for lease liabilities$(216)$(63)
Approximate aggregate commitments under non-cancelable operating leases
The approximate aggregate commitments under non-cancelable operating leases in effect at December 31, 2022, were as follows (dollar amounts in thousands):
Year Ending December 31,
2023$4,936 
20244,544 
20253,100 
20262,588 
20272,180 
Thereafter2,584 
Total lease payments$19,932 
Less: Imputed interest (1)1,921 
Present value of lease liabilities$18,011 

(1) Calculated using our corporate borrowing rate based on the term of each lease ranging from 3.00 percent to 4.29 percent.