Annual report pursuant to Section 13 and 15(d)

LEASES

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LEASES
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
LEASES LEASES
On January 1, 2022, the Company adopted the guidance set forth in ASU No. 2016-02, Leases (Topic 842) using the optional transition method provided by the guidance set forth in ASU No. 2018-11, Leases (Topic 842). Our operating leases primarily consist of real estate leases such as offices. Our leases have remaining terms of approximately one year to six years. During the year ended December 31, 2022, operating lease expense was $4.2 million. We do not have any finance leases. Our total variable and short-term lease payments were immaterial for all periods presented.

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

December 31, 2022
Operating lease right-of-use assets, net $ 15,562
Operating lease liabilities, current 4,571
Operating lease liabilities, noncurrent 11,660
Operating lease liabilities, total $ 16,231
Weighted average remaining lease term, years 4.0
Weighted average discount rate 3.3  %

Operating lease liability maturities:
Year ending December 31, Operating Leases
2023 $ 5,085 
2024 4,784 
2025 2,909 
2026 2,535 
2027 1,747 
Thereafter 382 
Total undiscounted cash flows $ 17,442 
Less: imputed interest $ (1,211)
Lease liabilities, total $ 16,231 
As of December 31, 2022, we did not have material additional operating leases that have not yet commenced.