LEASES

9 Months Ended

Sep. 30, 2023

LEASES

LEASES

8.LEASES

Maturities of the Company’s operating lease liabilities at September 30, 2023 are as follows:

	Rent to be
(In thousands)	Capitalized
2023	$	3,242
2024		13,009
2025		12,833
2026		12,173
2027		10,217
Thereafter		10,557
Total undiscounted lease payments		62,031
Less amounts representing interest		(3,750)
Operating lease liabilities	$	58,281

Other information related to the Company’s operating leases was as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In thousands)	2023		2022		2023		2022
Operating lease cost	$	3,236	$	3,336	$	9,529	$	9,869
Cash paid for amounts included in the measurement of operating lease liabilities		3,171		3,253		9,330		9,232

	September 30,		December 31,
	2023		2022
Weighted average remaining lease term	5.2	years	5.9	years
Weighted average discount rate	2.33	%	2.03	%