LEASES

12 Months Ended

Dec. 31, 2023

The following table presents the Company’s ROU assets and lease liabilities for the periods presented.


		December 31,
Lease Classification	Classification	2023		2022
Assets:
Operating	Other assets	$	42,731	$	34,935
Financing	Other assets	3,343		6,021
Total ROU assets		$	46,074	$	40,956
Liabilities:
Current:
Operating	Accounts payable and accrued liabilities	$	8,640	$	8,088
Financing	Accounts payable and accrued liabilities	139		2,287
Noncurrent:
Operating	Other long-term liabilities	38,047		26,329
Financing	Other long-term liabilities	77		184
Total lease liabilities		$	46,903	$	36,888

Maturities of lease liabilities as of December 31, 2023 by fiscal year were as follows:


Maturity of Lease Liabilities	Operating		Financing		Total
2024	$	11,217	$	142	$	11,359
2025	9,861		75		9,936
2026	7,966		6		7,972
2027	7,064		—		7,064
2028	6,508		—		6,508
Thereafter	15,811		—		15,811
Total lease payments	58,427		223		58,650
Less: Interest	(11,740)		(7)		(11,747)
Present value of lease liabilities	$	46,687	$	216	$	46,903

Lease costs associated with payments under the Company’s leases for the periods presented were as follows:


		Years Ended December 31,
Lease Cost	Classification	2023		2022
Operating (1)	Operating expenses	$	14,197	$	13,669
Financing:
Amortization	Operating expenses	3,360		2,858
Interest expense	Interest expense	2,648		163
Total lease costs		$	20,205	$	16,690

(1) Includes short-term leases and variable lease costs, both of which were not material in the periods presented.

The following table includes the weighted average remaining lease terms and the weighted average discount rate used to calculate the present value of the Company’s lease liabilities:


	Years Ended December 31,
Other Information	2023		2022
Weighted average remaining lease term (in years):
Operating leases	6.8		5.2
Financing leases	1.6		1.7

Weighted average discount rate:
Operating leases	5.9	%	5.1	%
Financing leases	3.1	%	5.4	%

As of December 31, 2023, no leases were expected to commence that would create significant rights and obligations for the Company.


	Years Ended December 31,
Supplemental Cash Flow Information	2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Cash used in operating activities:
Operating leases	$	9,980	$	10,760
Financing leases	$	51	$	165
Cash used in financing activities:
Financing leases	$	2,286	$	2,605
ROU assets obtained in exchange for lease obligations:
Operating leases	$	16,321	$	5,252
Financing leases	$	68	$	878