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COMMITMENTS AND CONTINGENCIES
 12 Months Ended
Dec. 31, 2023
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 2033, 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,
20232022
(In thousands)
Operating lease costs$10,406 $8,222 
The components of lease liabilities are presented as follows:
December 31,
2023		December 31,
2022
(In thousands except years and percentage data)
Operating lease liabilities, current (Accrued liabilities)
$5,220 $5,371 
Operating lease liabilities, non-current (Other liabilities)18,802 19,077 
Total operating lease liabilities
$24,022 $24,448 
Supplemental lease information:
Weighted average remaining lease term
5.8 years5.3 years
Weighted average discount rate
7.0%6.5%
Supplemental cash flow and other information related to operating leases were as follows:
Years Ended December 31,
20232022
(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$7,225 $5,691 
Non-cash investing activities:
Lease liabilities arising from obtaining right-of-use assets
$5,005 $13,308 
Undiscounted cash flows of operating lease liabilities as of December 31, 2023 were as follows:
Lease Amounts
(In thousands)
Year:
2024$6,702 
20255,960 
20264,284 
20272,915 
20282,312 
Thereafter7,372 
Total lease payments
29,545 
Less: imputed lease interest
(5,523)
Total lease liabilities
$24,022 
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, 2023, these purchase obligations totaled approximately $184.4 million.
Litigation
From 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