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LEASES

9 Months Ended

Sep. 30, 2023

NOTE 15. LEASES

Components of total operating lease cost were as follows:


		Three Months Ended September 30,						Nine Months Ended September 30,
		2023			2022			2023			2022
Operating lease cost		$	5,629		$	5,613		$	16,965		$	17,061
Short-term and variable lease cost			1,100			1,177			3,170			3,516
Total operating lease cost		$	6,729		$	6,790		$	20,135		$	20,577

Maturities of our operating lease liabilities are as follows:


Year Ending December 31,
2023 (remaining)		$	5,681
2024			21,662
2025			18,451
2026			15,912
2027			12,994
Thereafter			63,639
Total lease payments			138,339
Less: Interest			(31,073)
Present value of lease liabilities		$	107,266

In addition to the above, we have lease agreements that commence in October 2023 with total payments of $31.8 million through 2036.

The following tables present additional information about our lease agreements:


			September 30,				December 31,
		2023				2022
Weighted average remaining lease term (in years)			8.3				8.9
Weighted average discount rate			5.0	%			4.6	%


	Three Months Ended September 30,						Nine Months Ended September 30,
	2023			2022			2023			2022
Cash paid for operating leases	$	5,683		$	5,557		$	17,290		$	16,642
Right-of-use assets obtained in exchange for operating lease liabilities	$	9,271		$	2,222		$	11,900		$	14,433