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Operating Leases | 6 Months Ended
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Jun. 30, 2023
Operating Leases |
Operating Leases | 6. Operating Leases The Company has various lease agreements for its offices and service delivery centers. These lease agreements are for terms ranging from two to eleven years and, in most cases, provide for annual escalations ranging from 1.75% to 10%. The Company has determined that the risks and benefits related to the leased properties are retained by the lessors. Accordingly, these are accounted for as operating leases. Lease agreements with a term of less than one year are treated as short-term leases and are accounted for separately as shown in the table below. Most of the lease agreements are renewable at the mutual consent of the parties to the contract. The table below summarizes the amounts recognized in the condensed consolidated financial statements related to operating leases for the periods presented (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Three Months Ended | ​ | For the Six Months Ended
​ | ​ | June 30, | ​ | June 30,
​ |  | 2023 |  | 2022 |  | 2023 |  | 2022
Rent expense for long-term operating leases | ​ | $ | 312 | ​ | $ | 337 | ​ | $ | 621 | ​ | $ | 713
Rent expense for short-term operating leases | ​ |  | 83 | ​ |  | 144 | ​ | ​ | 178 | ​ | ​ | 261
Total rent expense | ​ | $ | 395 | ​ | $ | 481 | ​ | $ | 799 | ​ | $ | 974
​ The following table presents the maturity profile of the Company’s operating lease liabilities based on the contractual undiscounted payments with a reconciliation of these amounts to the remaining net present value of the operating lease liability reported in the condensed consolidated balance sheet as of June 30, 2023 (in thousands): ​
​ | ​ | ​ | ​
Year |  | Amount
2023 | ​ | $ | 513
2024 | ​ |  | 932
2025 | ​ |  | 956
2026 | ​ |  | 970
2027 | ​ |  | 926
2028 and thereafter | ​ |  | 1,553
Total lease payments | ​ |  | 5,850
Less: Interest | ​ |  | (1,440)
Net present value of lease liabilities | ​ | $ | 4,410
​ | ​ |  | ​
Current portion | ​ | $ | 582
Long-term portion | ​ |  | 3,828
Total | ​ | $ | 4,410
​ The weighted average remaining lease terms and discount rates for all of the Company’s operating leases as of June 30, 2023 were as follows: ​
​ | ​ | ​ | ​
Weighted-average lease term remaining (in months) |  | 47 | ​
Weighted-average discount rate |  | 9.13 | %
​

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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