Leases

12 Months Ended

Dec. 31, 2022

13. Leases

ASC Topic 842 Leases

We have entered into operating leases for operating locations, corporate offices and certain operating equipment. These leases have remaining lease terms of approximately two months to eleven years as of December 31, 2022. Currently, we do not have any finance leases.

Lease expense consisted of the following for the years ended December 31, 2022, 2021, and 2020 (in thousands):


	Year Ended December 31,
	2022		2021		2020
Operating lease cost	$	5,664	$	4,984	$	6,911
Short-term lease expense (1)		—		41		2
Total lease expense (2)	$	5,664	$	5,025	$	6,913

(1)

Short-term lease expense represents expense related to leases with a contract term of one year or less.

(2)

Total lease expense is recorded in operating costs for the respective segments and within "selling, general and administrative" in our consolidated statements of operations.

Supplemental cash flow information related to leases for the years ended December 31, 2022, 2021 and 2020 is as follows (in thousands):


	Year Ended December 31,
	2022		2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	6,858	$	7,323	$	11,576

Right of use assets obtained in exchange for lease obligations:
Operating leases	$	6,530	$	6,413	$	1,763

Supplemental balance sheet information related to leases as of December 31, 2022 and 2021 is as follows:


		December 31, 2022				December 31, 2021
Weighted Average Remaining Lease Term:
Operating leases	6.1 years				4.8 years

Weighted Average Discount Rate:
Operating leases			4.1	%			3.8	%

Maturities of operating lease liabilities as of December 31, 2022 are as follows (in thousands):


Year ending December 31,
2023	$	5,928
2024		5,114
2025		4,432
2026		3,785
2027		3,144
Thereafter		5,848
Total lease payments		28,251
Less imputed interest		(3,534	)
Total	$	24,717