LEASES (Tables)

12 Months Ended

Dec. 31, 2023

LEASES

Schedule of components of operating lease expense

For the years ended December 31, 2023 and 2022, the components of operating lease expense were as follows (in thousands):

	December 31,			December 31,
	2023			2022
Fixed operating lease expense	$	6,748	$	5,507
Variable operating lease expense		646		187
Short-term lease expense		1,375		1,246
	$	8,769	$	6,940

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, 2023 and 2022 are as follows (in thousands):

	December 31,		December 31,
	2023		2022
Cash paid for operating leases	$	5,765	$	5,191
Cash paid for interest on finance lease obligations	$	376	$	736
Assets acquired under operating leases	$	6,517	$	9,592
Assets acquired under finance leases	$	—	$	9,471
Operating lease assets obtained in acquisitions	$	224	$	5,053

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, 2023 and 2022:

	December 31,
	2023			2022
Weighted average remaining lease term (in years)		6.00			6.75
Weighted average discount rate		4.25	%		3.66	%

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, 2023 (in thousands):

	Operating Leases		Finance Leases
2024	$	6,085	$	815
2025		4,965		831
2026		4,365		848
2027		3,726		867
2028		2,818		886
Thereafter		5,861		7,883
Total undiscounted cash flows	$	27,820	$	12,130
Less: present value discount		(3,146)		(3,111)
Total lease liabilities	$	24,674	$	9,019