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Leases
6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Leases Leases
Operating lease cost details for the three and six months ended June 30, 2023 and 2022 are as follows:
Three Months Ended
June 30,
Six months ended
June 30,
2023202220232022
(In thousands)
Building rent$478 $521 $1,001 $1,096 
Automobile rentals316 361 566 581 
Total net operating lease costs$794 $882 $1,567 $1,677 
At June 30, 2023, the Company’s weighted average remaining lease term for its operating leases is 4.4 years, and the weighted average discount rate for its operating leases is 5%.
During the six months ended June 30, 2023, there were $1.5 million of operating cash payments for lease liabilities, and $0.2 million of right-of use assets obtained in exchange for new lease liabilities.

    As part of its multiyear restructuring plan (see Note 16,
Restructuring and Other Related Charges), the Company vacated its Chicago office space and abandoned the underlying leases during the three months ended June 30, 2023. The Company accrued a $1.4 million early lease termination fee, which is reflected on the condensed consolidated statements of operations for the three and six months ended June 30, 2023 in "Restructuring and other related charges". The underlying lease right-of-use asset and lease liability for the Chicago leased office space were written off, and a $0.3 million gain related to rent concessions and tenant improvement allowances was recorded on the condensed consolidated statements of operations for the three and six months ended June 30, 2023 in "Restructuring and other related charges".
Maturities of the Company’s operating leases as of June 30, 2023 are as follows:
As of
June 30, 2023
(In thousands)
2023$1,366 
20242,041 
20251,164 
20261,071 
2027886 
Later years1,246 
Less imputed interest(779)
Total lease liabilities$6,995