XML 35 R18.htm IDEA: XBRL DOCUMENT v3.24.0.1
Leases
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Leases
10.
LEASES
For the years ended December 31, 2023, and December 31, 2022, total operating lease cost was $8.0 million and $8.4 million, respectively. The weighted average remaining lease term at December 31, 2023 and December 31, 2022 was 4.4 years and 5.2 years, respectively. The weighted average discount rate at December 31, 2023 and December 31, 2022 was 2.32% and 2.10%, respectively.
The following table includes supplemental cash flow information for the years ended December 31, 2023, December 31, 2022, and December 31, 2021 and supplemental balance sheet information at December 31, 2023 and December 31, 2022 related to operating leases (in thousands):
 
Supplemental Cash Flow Information
   
For the Year Ended
December 31,
  
    
2023
     
2022
     
2021
  
Cash paid for amounts included in the measurement of operating lease liabilities
    $ 8,176     
$
 8,688     
$
 8,280  
Operating ROU assets obtained in exchange for lease liabilities
   
$
 2,559     
$
 8,064     
$
 7,295  
 
Supplemental Balance Sheet Information
   
December 31,

2023
     
December 31,

2022
  
Operating lease ROU assets
   
$
 26,233     
$
 30,991  
Operating lease liabilities:
      
Accrued expenses and other current liabilities
   
$
 7,663     
$
 7,488  
Operating lease liabilities
      18,840        23,974  
  
 
 
     
 
 
  
Total operating lease liabilities
   
$
 26,503     
$
 31,462  
  
 
 
     
 
 
  
The following table summarizes maturities of operating lease liabilities at December 31, 2023 (in thousands):
 
Maturities of operating lease liabilities
       
2024
    $ 7,763  
2025
      5,749  
2026
      4,891  
2027
      4,486  
2028
      3,948  
Thereafter
      933  
  
 
 
  
Total lease payments
   
$
 27,770  
Less imputed interest
      (1,267 ) 
  
 
 
  
Total operating liabilities
   
$
 26,503