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COMMITMENTS AND CONTINGENCIES
 12 Months Ended
Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES COMMITMENTS AND CONTINGENCIES
Operating Leases
The Company leases office facilities under noncancellable operating leases that expire on various dates through 2032, some of which may include options to extend the leases for up to 12 years.
The components of lease expense are presented as follows:
Years Ended December 31,
20222021
(In thousands)
Operating lease costs$8,222 $7,049 
The components of lease liabilities are presented as follows:
December 31,
2022		December 31,
2021
(In thousands except years and percentage data)
Operating lease liabilities, current (Accrued liabilities)
$5,371 $3,830 
Operating lease liabilities, non-current (Other liabilities)19,077 11,920 
Total operating lease liabilities
$24,448 $15,750 
Supplemental lease information:
Weighted average remaining lease term
5.3 years5.9 years
Weighted average discount rate
6.5%7.4%
Supplemental cash flow and other information related to operating leases, were as follows:
Years Ended December 31,
20222021
(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$5,691 $5,855 
Non-cash investing activities:
Lease liabilities arising from obtaining right-of-use assets
$13,308 $708 
Undiscounted cash flows of operating lease liabilities as of December 31, 2022 were as follows:
Lease Amounts
(In thousands)
Year:
2023$6,805 
20246,045 
20255,218 
20263,532 
20272,250 
Thereafter5,142 
Total lease payments
28,992 
Less: imputed lease interest
(4,544)
Total lease liabilities
$24,448 
Purchase Obligations
The Company has contractual obligations related to component inventory that its contract manufacturers procure on its behalf in accordance with its production forecast as well as other inventory related purchase commitments. As of December 31, 2022, these purchase obligations totaled approximately $589.3 million.
LitigationFrom time-to-time, the Company may be involved in litigation relating to claims arising out of its operations, the ultimate disposition of which could have a material adverse effect on its operations, financial condition or cash flows. The Company is not currently involved in any material legal proceedings; however, the Company may be involved in material legal proceedings in the future. Such matters are subject to uncertainty and there can be no assurance that such legal proceedings will not have a material effect on its business, results of operations, financial position or cash flows