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Leases (Tables)
9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Schedule of Right-of-Use Assets and the Corresponding Lease Liabilities Information regarding the Company's right-of-use assets and the corresponding lease liabilities are as follows:

 

 

September 30,
2023

 

 

December 31,
2022

 

(In thousands)

 

 

 

 

 

 

Right-of-use assets

 

$

5,903

 

 

$

6,533

 

Lease liabilities

 

 

6,146

 

 

 

6,792

 

Schedule of Rent Expenses The Company's rent expense is as follows:

 

Three months ended

 

 

Nine months ended

 

 

September 30,

 

 

September 30,

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

Operating lease expense

$

852

 

 

$

819

 

 

$

2,552

 

 

$

2,517

 

Variable and short-term lease expense

 

41

 

 

 

37

 

 

 

117

 

 

 

140

 

Rent expense

$

893

 

 

$

856

 

 

$

2,669

 

 

$

2,657

 

Schedule of Future Minimum Lease Payments to be Paid under Operating Leases The future minimum lease payments to be paid under operating leases are as follows:

 

 

September 30,
2023

 

(In thousands)

 

 

 

2023 (remaining three months)

 

$

625

 

2024

 

 

2,501

 

2025

 

 

1,922

 

2026

 

 

807

 

2027

 

 

198

 

2028

 

 

123

 

Thereafter

 

 

881

 

Total future lease payments

 

 

7,057

 

Present value adjustment

 

 

(911

)

Present value of future lease payments

 

$

6,146