XML 38 R24.htm IDEA: XBRL DOCUMENT v3.22.4
Leases
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Leases Leases
The Company leases office space in all of its locations under non-cancelable operating leases with various expiration dates through 2025. Tenant improvement allowance received for the leases in place as of December 31, 2022 totaled $1.8 million, which were received in cash in a prior period. There were no new tenant improvement allowances received during the year ended December 31, 2022.
The components of lease expense, lease term, and discount rate for operating leases were as follows:
Years Ended December 31,
202220212020
Operating lease expense (in thousands)$4,732 $3,824 $3,202 
Weighted-average remaining lease term (in years)2.12.22.6
Weighted-average discount rate 4.7 %5.0 %5.8 %
Supplemental cash flow information related to leases was as follows:
Years Ended December 31,
(in thousands)202220212020
Cash payments, net of receipts, included in the measurement of operating lease liabilities – operating cash flows$4,472 $3,538 $3,315 
The following table represents the maturity of lease liabilities as of December 31, 2022 (in thousands):
Year Ending December 31,
2023$3,902 
20244,556 
20251,311 
2026— 
2027 and Thereafter
— 
Total lease payments9,769 
Less: Imputed interest(574)
Present value of operating lease liabilities$9,195