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LEASES

6 Months Ended

Jun. 30, 2024

NOTE 13. LEASES

Components of total operating lease cost were as follows:


		Three Months Ended June 30,						Six Months Ended June 30,
		2024			2023			2024			2023
Operating lease cost		$	5,856		$	5,656		$	11,717		$	11,336
Short-term and variable lease cost			910			987			1,577			2,070
Total operating lease cost		$	6,766		$	6,643		$	13,294		$	13,406

Estimated future payments on our operating lease liabilities are as follows:


Year Ending December 31,
2024 (remaining)		$	11,473
2025			20,492
2026			17,902
2027			15,494
2028			15,102
Thereafter			62,966
Total lease payments			143,429
Less: Interest			(29,879)
Present value of lease liabilities		$	113,550

In addition to the above, we have lease agreements with total payments of $36.0 million that commence on various dates in 2024 and 2025 and extend through 2040.

The following tables present additional information about our lease agreements:


		June 30,				December 31,
		2024				2023
Weighted average remaining lease term (in years)			8.5				8.3
Weighted average discount rate			5.3	%			5.0	%


	Three Months Ended June 30,						Six Months Ended June 30,
	2024			2023			2024			2023
Cash paid for operating leases	$	5,844		$	5,824		$	11,564		$	11,668
Right-of-use assets obtained in exchange for operating lease liabilities	$	1,579		$	2,420		$	18,417		$	2,628