Quarterly report pursuant to Section 13 or 15(d)

LEASES

v3.23.1
LEASES
 3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
LEASES LEASES
The Company's operating leases primarily consist of real estate leases such as offices. During the quarter ended March 31, 2023, operating lease expense was $1.3 million. The Company does not have any finance leases. Total variable and short-term lease payments were immaterial for all periods presented.

Supplemental balance sheet information related to operating leases are as follows:

March 31, 2023 December 31, 2022
Operating lease right-of-use assets, net $ 14,395 $ 15,562
Operating lease liabilities, current 4,506 4,571
Operating lease liabilities, noncurrent 10,574 11,660
Operating lease liabilities, total $ 15,080 $ 16,231
Weighted average remaining lease term, years 3.8 4.0
Weighted average discount rate 3.3  % 3.3  %
Operating lease liability maturities:
Year ending December 31, Operating Leases
Remaining 2023 $ 3,818 
2024 4,760 
2025 2,916 
2026 2,542 
2027 1,752 
Thereafter 382 
Total undiscounted cash flows $ 16,170 
Less: imputed interest $ (1,090)
Lease liabilities, total $ 15,080 
As of March 31, 2023, the Company did not have material additional operating leases that have not yet commenced.