LEASES (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Summary of Leases

The following table provides information regarding the Company's leases as of the dates indicated:

	Three Months Ended March 31,
	2024		2023
Components of lease expense:
Operating lease cost (resulting from lease payments)	$	2,565	$	2,715
Supplemental cash flow information related to leases:
Operating cash flows from operating leases	$	2,824	$	2,889
ROU assets obtained in the exchange for lease liabilities due to:
New leases	$	995	$	703
Acquisitions	$	—	$	—
	March 31, 2024		December 31, 2023
Supplemental balance sheet information related to leases:
Operating lease ROU assets	$	39,814	$	40,362
Operating lease liabilities	$	47,251	$	48,058
Other information related to leases:
Weighted average remaining lease term of operating leases	5.4 years		5.6 years
Weighted average discount rate of operating leases	3.67%		3.61%

Maturities of Operating Lease Liabilities

At March 31, 2024, the maturities of the Company’s operating lease liabilities were as follows:

 

(In thousands)	Amount
Maturity:
Remaining 2024	$	8,343
2025	10,458
2026	9,734
2027	8,300
2028	6,799
Thereafter	8,631
Total undiscounted lease payments	52,265
Less: Present value discount	(5,014)
Lease liability	$	47,251