Operating Leases

12 Months Ended

Dec. 31, 2022

Leases, Operating [Abstract]

Operating Leases

OPERATING LEASES

The following table summarizes the classification of ROU assets and lease liabilities in the Company’s consolidated balance sheet:

Leases	Classification	December 31, 2022		January 1, 2022
Assets
ROU operating lease assets, net	Other assets	$	19,997	$	23,789
Total ROU assets		$	19,997	$	23,789
Liabilities
Current:
Operating lease liabilities	Other current liabilities	$	6,892	$	7,080
Noncurrent:
Operating lease liabilities	Other long-term liabilities	7,680		10,215
Total lease liabilities		$	14,572	$	17,295

The following table presents supplemental lease information:

	Year Ended
	2022		2021
Lease cost
Operating lease cost	$	8,606	$	9,585
Total lease cost	$	8,606	$	9,585

	Year Ended
	2022			2021
Other information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	7,924		$	9,506
ROU assets obtained in exchange for new operating lease liabilities	$	5,641		$	5,322
Weighted-average remaining lease term—operating leases	2.39 yrs.			2.76 yrs.
Weighted-average discount rate—operating leases	3.04		%	3.11		%

The following table presents the maturity of the Company’s lease liabilities as of December 31, 2022:

Year ending
2023	$	7,214
2024	5,383
2025	1,850
2026	497
2027	120
Thereafter	—
	15,064
Less: imputed interest	(492)
Present value	$	14,572

These leases generally provide that property taxes, insurance, and maintenance expenses are the responsibility of the Company. Such expenses are not included in the operating lease amounts outlined in the table above or in the rent expense amounts that follow. The total rent expense was approximately $8,258, $9,830, and $11,199 for the years ended 2022, 2021, and 2020, respectively.