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Leases
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Leases Leases
The Company adopted ASC Topic 842, Leases on January 1, 2022. The Company leases office space under non-cancellable operating leases for its corporate headquarters in Plano, Texas pursuant to a 10 year lease agreement under which the Company leases approximately 125,000 square feet of office space with an initial term that expires on August 31, 2028, with the option to extend the lease for either two additional terms of five years each or one additional term of ten years. Renewal options were not included in the ROU asset and lease liability calculation. The Company elected the practical expedient to not provide comparable presentation for periods prior to adoption.

In August 2021, the Company entered into an agreement to sublease certain premises of its offices in Plano, Texas. The sublease is classified as an operating lease and has a term of less than three years. Sublease income was $0.3 million and $0.1 million for the years ended December 31, 2022 and 2021, respectively.

Operating lease expense consisted of:

(in thousands)
Year ended December 31, 2022
Operating lease expense
$3,137 
Short term lease expense and other(1)
1,165 
Total lease expense
$4,302 
(1) Other lease expense includes variable lease expense and sublease income.

Operating rent expense was $4.6 million and $4.7 million for the years ended December 31, 2021 and 2020, respectively. We elected the practical expedient to not provide comparable presentation for periods prior to adoption.

Supplemental lease information
Cash flow information (in thousands)
Year ended December 31, 2022
Cash paid for operating lease liabilities
$3,710 
Right-of-use assets obtained in exchange for operating lease obligations
$16,918 

Operating lease information
Year ended December 31, 2022
Weighted-average remaining lease term
5.5 years
Weighted-average discount rate
4.6 %
The future maturities of operating lease liabilities are as follows:

(in thousands)December 31, 2022
20233,773 
20243,835 
20253,898 
20263,961 
20274,024 
Thereafter2,712 
Total minimum lease payments$22,203 
Less: present value discount(2,729)
Total lease liability balance$19,474