LEASES (Tables)

12 Months Ended

Dec. 31, 2022

LEASES

Schedule of components of operating lease expense

For the years ended December 31, 2022 and 2021, the components of operating lease expense were as follows (in thousands):

	December 31,			December 31,
	2022			2021
Fixed operating lease expense	$	5,507	$	5,105
Variable operating lease expense		187		707
Short-term lease expense		1,246		237
	$	6,940	$	6,049

Schedule of supplemental cash flow information related to the operating leases

Supplemental cash flow information related to the Company’s operating and finance leases for the years ended December 31, 2022 and 2021 are as follows (in thousands):

	December 31,		December 31,
	2022		2021
Cash paid for amounts included in the measurement of operating leases	$	5,191	$	5,321
Cash paid for amounts included in the measurement of finance lease obligations	$	736	$	—
Right of use ("ROU") assets obtained in exchange for operating lease obligations	$	9,592	$	2,482
ROU assets obtained in acquisitions for operating lease obligations (Note 2)	$	5,053	$	1,005
ROU assets obtained in exchange for finance lease obligations	$	9,471	$	—

Schedule of Lease assets and liabilities and other quantitative information

The following table presents weighted average remaining lease term and discount rates related to the Company’s operating leases as of December 31, 2022 and 2021:

	December 31,
	2022			2021
Weighted average remaining lease term (in years)		6.75			6.41
Weighted average discount rate		3.66	%		2.28	%

Schedule of maturity of the operating lease liabilities

The following table presents the maturity of the Company’s operating and finance lease liabilities as of December 31, 2022 (in thousands):

	Operating Leases		Finance Leases
2023		5,027		799
2024		4,446		815
2025		3,688		831
2026		3,316		848
2027		2,832		867
Thereafter		6,773		8,769
Total undiscounted cash flows	$	26,082	$	12,929
Less: present value discount		(3,064)		(3,533)
Total lease liabilities	$	23,018	$	9,396