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Leases (Tables)
 9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Lease, Cost
Lease expense is included in office and technology expenses in the unaudited Consolidated Statements of Operations. Information regarding the Company’s leases follows:
Three Months Ended
September 30,		Nine Months Ended
September 30,
(in thousands)2023202220232022
Operating leases$627 $697 $2,020 $1,876 
Finance leases:
Amortization of lease assets74 — 182 — 
Interest on lease liabilities5 — 18 — 
Short-term leases (b)31 64 101 177 
Lease expense$737 $761 $2,321 $2,053 
Sub-lease income— — — — 
Lease cost$737 $761 $2,321 $2,053 
(b)Leases with an initial term of twelve months or less are not recorded on the unaudited Consolidated Balance Sheets.
Lessee, Lease Liability, Current and Non-current
Components of the operating lease liability presented on the unaudited Consolidated Balance Sheets are as follows:
(in thousands)As of
September 30, 2023		As of
December 31, 2022
Current:
Operating lease liabilities$466 $1,693 
Finance lease liabilities56 218 
Non-current:
Operating lease liabilities5,661 4,401 
Finance lease liabilities456 527 
Total lease liabilities$6,639 $6,839 
Lessee, Lease Liability, Maturity
The future minimum lease payments for leases that have initial or remaining noncancelable lease terms in excess of one year as of September 30, 2023, are summarized as follows:
Year Ended (in thousands)Operating LeasesFinance
Leases		Total
2023$523 $60 $583 
20242,373 183 2,556 
20251,829 147 1,976 
20261,139 108 1,247 
2027364 41 405 
Thereafter286 — 286 
Total undiscounted payments$6,514 $539 $7,053 
Less: present value adjustment(386)(28)(414)
Lease liabilities$6,128 $511 $6,639 
Lease Other Information
Supplemental lease information is as follows:
As of
September 30, 2023		As of
December 31, 2022
Weighted average remaining lease term (years)
Operating Leases3.153.43
Finance Leases3.073.80
Weighted average discount rate
Operating Leases3.8 %3.9 %
Finance Leases3.7 %3.7 %