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Leases
 9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Leases
4. LEASES

The following tables disclose the components of the Company’s finance and operating leases (amounts in thousands):

As of:
September 30, 2023December 31, 2022
Operating leases:
Right-of-use asset, net$34,273 $30,859 
Short-term lease liability (recorded in accrued expenses)2,946 2,747 
Long-term lease liability29,524 27,635 
Total operating lease liabilities$32,470 $30,382 
Finance leases:
Right-of-use asset, net (recorded in intangible and other current assets, net)$85 $104 
Short-term lease liability (recorded in accrued expenses)17 16 
Long-term lease liability (recorded in non-current liabilities)58 71 
Total finance lease liabilities$75 $87 

Lease Cost

The components of lease cost are reflected in the table below (amounts in thousands):

Three Months EndedNine Months Ended
September 30, 2023September 30, 2022September 30, 2023September 30, 2022
Operating lease cost:
Amortization of right-of-use assets, net
$769 $369 $2,144 $1,206 
Interest on lease liabilities707 571 1,954 1,848 
Finance lease cost:
Amortization of right-of-use assets12 4 22 7 
Short-term lease cost163 205 674 413 
Total lease cost$1,651 $1,149 $4,794 $3,474 

Interest on finance lease liabilities was less than $0.1 million for the three and nine months ended September 30, 2023 and 2022; accordingly, these amounts are not shown in the table above.
Weighted-Average Remaining Lease Term and Discount Rate

The following table discloses the weighted-average remaining lease term and discount rate for finance and operating leases.
As of:
September 30, 2023December 31, 2022
Weighted-average lease term
Finance leases3.9 years4.6 years
Operating Leases9.9 years10.1 years
Weighted-average discount rate
Finance leases10.2 %10.2 %
Operating leases8.6 %8.5 %

Supplemental Cash Flow Information

The below table discloses supplemental cash flow information for operating leases (in thousands):

Nine Months Ended
September 30, 2023September 30, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$4,420 $3,675 

Operating and financing cash flows from finance leases were each less than $0.1 million for each of the nine months ended September 30, 2023 and 2022; accordingly, these cash flows are not shown in the table above.

Maturity Analysis

The following table reflects undiscounted cash flows on an annual basis for the Company’s lease liabilities as of September 30, 2023 (amounts in thousands):

Operating LeasesFinance Leases
2023 (remaining)$1,422 $6 
20245,562 23 
20255,591 23 
20265,638 23 
20275,516 15 
Thereafter24,119 
Total lease payments$47,848 $90 
Imputed interest(15,378)(15)
Discounted lease liability$32,470 $75 
Leases
4. LEASES

The following tables disclose the components of the Company’s finance and operating leases (amounts in thousands):

As of:
September 30, 2023December 31, 2022
Operating leases:
Right-of-use asset, net$34,273 $30,859 
Short-term lease liability (recorded in accrued expenses)2,946 2,747 
Long-term lease liability29,524 27,635 
Total operating lease liabilities$32,470 $30,382 
Finance leases:
Right-of-use asset, net (recorded in intangible and other current assets, net)$85 $104 
Short-term lease liability (recorded in accrued expenses)17 16 
Long-term lease liability (recorded in non-current liabilities)58 71 
Total finance lease liabilities$75 $87 

Lease Cost

The components of lease cost are reflected in the table below (amounts in thousands):

Three Months EndedNine Months Ended
September 30, 2023September 30, 2022September 30, 2023September 30, 2022
Operating lease cost:
Amortization of right-of-use assets, net
$769 $369 $2,144 $1,206 
Interest on lease liabilities707 571 1,954 1,848 
Finance lease cost:
Amortization of right-of-use assets12 4 22 7 
Short-term lease cost163 205 674 413 
Total lease cost$1,651 $1,149 $4,794 $3,474 

Interest on finance lease liabilities was less than $0.1 million for the three and nine months ended September 30, 2023 and 2022; accordingly, these amounts are not shown in the table above.
Weighted-Average Remaining Lease Term and Discount Rate

The following table discloses the weighted-average remaining lease term and discount rate for finance and operating leases.
As of:
September 30, 2023December 31, 2022
Weighted-average lease term
Finance leases3.9 years4.6 years
Operating Leases9.9 years10.1 years
Weighted-average discount rate
Finance leases10.2 %10.2 %
Operating leases8.6 %8.5 %

Supplemental Cash Flow Information

The below table discloses supplemental cash flow information for operating leases (in thousands):

Nine Months Ended
September 30, 2023September 30, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$4,420 $3,675 

Operating and financing cash flows from finance leases were each less than $0.1 million for each of the nine months ended September 30, 2023 and 2022; accordingly, these cash flows are not shown in the table above.

Maturity Analysis

The following table reflects undiscounted cash flows on an annual basis for the Company’s lease liabilities as of September 30, 2023 (amounts in thousands):

Operating LeasesFinance Leases
2023 (remaining)$1,422 $6 
20245,562 23 
20255,591 23 
20265,638 23 
20275,516 15 
Thereafter24,119 
Total lease payments$47,848 $90 
Imputed interest(15,378)(15)
Discounted lease liability$32,470 $75