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LEASES (Tables) | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Schedule of Expense | Expense
(in thousands) | 2023 |  | 2022 |  | 2021
Fixed lease costs (1) | $ | 19,718 |  |  | $ | 20,186 |  |  | $ | (1,694) |
Short-term lease costs | 2,884 |  |  | 3,356 |  |  | 2,244 |
Variable lease costs | 8,148 |  |  | 3,894 |  |  | 4,480 |
| $ | 30,750 |  |  | $ | 27,436 |  |  | $ | 5,030 |
(1) The lower fixed lease costs in 2021 was due to the modification of the corporate headquarters lease.
Schedule of Right of Use Asset and Lease Liabilities | Right of use assets and lease liabilities
(in thousands) | December 31, 2023 |  | December 31, 2022
Right of use assets (1) | $ | 64,198 |  |  | $ | 76,114 |
Operating lease liabilities (2) | $ | 15,000 |  |  | $ | 14,976 |
Long-term operating lease liabilities | $ | 66,901 |  |  | $ | 79,152 |
(1) Represents the Company’s right to use the leased asset during the lease term. Included in other long-term assets. (2) Included in other current liabilities.
Schedule of Weighted Average and Discount Rate | The weighted-average remaining lease term and discount rate for the Company’s leases were:
| December 31, 2023 |  | December 31, 2022
Weighted-average remaining lease term | 6.8 years |  | 7.5 years
Weighted-average discount rate (1) | 4.0 | % |  | 4.1 | %
(1) The rates implicit in most of the Company’s leases are not readily determinable. Therefore, the Company uses its incremental borrowing rate as the discount rate when measuring operating lease liabilities. The incremental borrowing rate represents an estimate of the interest rate the Company would incur to borrow an amount equal to the lease payments on a collateralized basis over the lease term in a similar economic environment.
Schedule of Maturities of Lease Liabilities | Maturities of lease liabilities:
(in thousands) | December 31, 2023
2024 | $ | 17,971 |
2025 | 15,602 |
2026 | 11,164 |
2027 | 10,114 |
2028 | 9,372 |
Thereafter | 30,177 |
Total lease payments | 94,400 |
Less: imputed interest (1) | (12,499) |
| $ | 81,901 |
(1) Lease liabilities are measured at the present value of the remaining lease payments using a discount rate determined at lease commencement unless the discount rate is updated due to a lease reassessment event.
Schedule of Cash Flow Lease Information | Cash flow information (1)
(in thousands) | 2023 |  | 2022
Cash paid for operating leases, net of tenant improvement allowances | $ | 20,045 |  |  | $ | 7,690 |
Right of use assets recognized for new leases and amendments (non-cash) | $ | 1,460 |  |  | $ | 4,733 |
(1) In 2022, the Company received a tenant improvement allowances of $8.8 million as part of the lease of the Company’s new corporate headquarters in Waltham, Massachusetts.

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- Definition Assets And Liabilities, Lessee [Table Text Block] + References No definition available. + Details
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- Definition Schedule Of Supplemental Cash Flow Lease Information [Table Text Block] + References No definition available. + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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