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LEASES | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
LEASES | LEASES The Company entered into operating leases related to its corporate headquarters and support, sales, and processing offices which expire at various dates through 2029. The Company’s operating lease agreements have remaining terms ranging from less than one year to five years. Certain of these operating lease agreements include options to extend the original term. The Company’s operating lease agreements do not require the Company to make variable lease payments.
|  | Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
Lease expense: |  |  |  |  |  |
Operating leases |  | $ | 16,864 |  |  | $ | 24,961 |  |  | $ | 28,322 |
Short-term leases |  | 1,739 |  |  | 2,373 |  |  | 747 |
Sublease income |  | (1,774) |  |  | (187) |  |  | (1,049) |
Lease expense, net included in occupancy expense |  | $ | 16,829 |  |  | $ | 27,147 |  |  | $ | 28,020 |
|  | Year Ended December 31,
|  | 2023 |  | 2022
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Cash paid for operating leases |  | $ | 23,975 |  |  | $ | 31,350 |
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |
New leases entered into during the year |  | 8,852 |  |  | 16,922 |
|  | December 31, 2023 |  | December 31, 2022
Period-end: |  |  |  |
Operating leases: |  |  |  |
Weighted average remaining lease term (years) |  | 3.3 |  | 3.6
Weighted average discount rate |  | 6.6 | % |  | 5.7 | %
The following is a schedule of future minimum lease payments for operating leases with initial terms in excess of one year as of December 31, 2023:
Year ending December 31, |  |
2024 |  | $ | 19,201 |
2025 |  | 14,456 |
2026 |  | 10,017 |
2027 |  | 8,507 |
2028 |  | 2,816 |
Thereafter |  | 116 |
Total operating lease payments |  | 55,113 |
Less: Imputed interest |  | (5,921) |
Operating lease liability |  | $ | 49,192 |
During the year ended December 31, 2023, impairment charges of $0.9 million were recorded for leases exited during the year. The impairment charges are included in general and administrative expense on the consolidated statements of operations. As of December 31, 2023, the Company had three operating leases that had not yet commenced with aggregate undiscounted required payments of $0.4 million.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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