Leases (Tables)

12 Months Ended

Dec. 31, 2023

The components of lease cost along with its classification on the Company's consolidated statements of operations were as follows:


		Year Ended December 31,
Lease Cost	Classification	2023		2022		2021
		(Amounts in thousands)
Operating lease cost (1)	Other operating expenses	$	11,674	$	14,747	$	15,846
Finance lease cost:
Amortization of assets	Other operating expenses	1,241		1,288		719
Interest on lease liabilities	Interest expense	40		54		25
Variable lease cost (1)	Other operating expenses	1,100		2,184		1,500
Sublease income (2)	Other revenue	(799)		(492)		(11)
Net lease cost		$	13,256	$	17,781	$	18,079

__________

(1) Includes short-term leases, which are immaterial.

(2) The Company subleased certain leased office space to third parties in 2023, 2022 and 2021.

Weighted-average lease term and discount rate were as follows:


	December 31,
	2023	2022
Weighted-average remaining lease term (in years):
Operating leases	2.6	2.9
Finance leases	2.5	3.5


Weighted-average discount rate:
Operating leases	4.37	%	2.84	%
Finance leases	1.37	%	1.29	%

Supplemental cash flow and other information related to leases was as follows:


	Year Ended December 31,
	2023		2022		2021
	(Amounts in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	14,010	$	15,815	$	16,158
Operating cash flows from finance leases	41		54		25
Financing cash flows from finance leases	1,102		1,504		825

ROU assets obtained in exchange for lease liabilities:
Operating leases	6,587		4,677		4,904
Finance leases	—		1,951		1,115

on the Company's consolidated balance sheets were as follows:


		December 31,
Lease Assets and Liabilities	Classification	2023		2022
		(Amounts in thousands)
Operating lease assets	Operating lease right-of-use assets	$	14,406	$	20,183
Operating lease liabilities	Operating lease liabilities	14,231		21,924
Finance lease assets	Other assets	2,996		4,233
Finance lease liabilities	Other liabilities	2,841		3,573

Maturities of lease liabilities as of December 31, 2023 were as follows: