Quarterly report pursuant to Section 13 or 15(d)

LEASES

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LEASES
 6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
LEASES LEASES
The Company's operating leases primarily consist of real estate leases such as offices. During the three months ended June 30, 2023 and 2022, operating lease expense was $1.2 million and $1.0 million, respectively, and during the six ended June 30, 2023 and 2022, operating lease expense was $2.5 million and $2.1 million, respectively. 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:

June 30, 2023 December 31, 2022
Operating lease right-of-use assets, net $ 13,033 $ 15,562
Operating lease liabilities, current $ 4,538 $ 4,571
Operating lease liabilities, noncurrent 9,190 11,660
Operating lease liabilities, total $ 13,728 $ 16,231
Weighted average remaining lease term, years 3.7 4.0
Weighted average discount rate 3.4  % 3.3  %
Operating lease liability maturities:
Year ending December 31, Operating Leases
Remaining 2023 $ 2,438 
2024 4,646 
2025 2,871 
2026 2,541 
2027 1,751 
Thereafter 382 
Total undiscounted cash flows $ 14,629 
Less: imputed interest (901)
Lease liabilities, total $ 13,728 
As of June 30, 2023, the Company did not have material additional operating leases that have not yet commenced.