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Leases
9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Leases

Note 6. Leases

Supplemental disclosure of cash flow information related to operating leases is as follows for the nine months ended September 30, 2024 and 2023, respectively:

 

 

 

Nine Months Ended

 

 

 

September 30, 2024

 

 

September 30, 2023

 

 

 

(in thousands of USD)

 

Cash paid for amounts included in the measurement of operating lease liabilities

 

$

7,318

 

 

$

8,083

 

Right-of-use assets obtained in exchange for operating lease liabilities

 

 

11,910

 

 

 

124

 

 

In April 2024, the Company amended the lease term of an office located in Korea. The expiration date of the lease was amended from April 30, 2027, to October 31, 2024, resulting in a right-of-use assets decrease of $14.1 million and of which $0.9 million is comprised of the reversal of a restoration provision.

The Company subleases a portion of the operating lease right-of-use assets for buildings. Total other income generated from subleases is $0.1 million and $0.2 million for the three months ended September 30, 2024 and 2023, respectively, and $0.3 million and $0.5 million for the nine months ended September 30, 2024 and 2023, respectively, and is included within Other income (loss), net of the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss).