v3.24.2
LEASES
 6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
LEASES LEASES
The components of lease expense (income) of the Company’s operating leases are as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
(in thousands)2024202320242023
Operating lease expenses$7,655 $7,178 $14,794 $14,292 
Variable lease costs550 930 1,619 1,821 
Short-term lease costs224 188 439 439 
Sublease income(918)(1,276)(1,746)(2,551)
Total lease costs$7,511 $7,020 $15,106 $14,001 
Maturities of the Company’s operating lease liabilities as of June 30, 2024 are as follows:
Maturity of Lease LiabilitiesOperating
(in thousands)Leases
Remainder of 2024$14,657 
202532,290 
202630,121 
202723,930 
202823,176 
Thereafter52,778 
Total lease payments$176,952 
Less: Interest(21,202)
Present value of lease liabilities$155,750 
Other accrued liabilities$25,191 
Long-term operating lease liabilities$130,559 
Weighted-average remaining lease term and discount rate for the Company’s operating leases are as follows:
As of
June 30,December 31,
Lease Term and Discount Rate20242023
Weighted-average remaining lease term (years)6.497.04
Weighted-average discount rate4.00 %3.66 %
Other information related to the Company’s operating leases are as follows:
Other InformationSix Months Ended
June 30,
(in thousands)20242023
Operating cash flows used for operating leases$15,514 $14,906 
Right of use assets obtained in exchange for new
   operating lease liabilities		$27,245 $7,225