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LEASES | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
LEASES | 13. LEASES We have operating leases for warehouses, office space, and data centers. Our leases have remaining lease terms of one year to eight years, some of which may include options to extend the leases perpetually, and some of which may include options to terminate the leases within one year. Variable lease costs include executory costs, such as taxes, insurance, and maintenance. Due to the sale of our corporate headquarters, in October 2024, we entered into a sublease agreement to rent the third floor of an office building in Murray, Utah consisting of approximately 36,516 square feet of space that will be used as the Company's new corporate headquarters. The sublease commenced in December 2024 for an initial term of 100 months expiring in March 2033. The components of lease expense were as follows (in thousands):
| Years ended December 31, |
| 2024 |  | 2023 |  | 2022 |
Operating lease cost | $ | 3,240 |  |  | $ | 5,257 |  |  | $ | 5,975 |  |
Variable lease cost | 906 |  |  | 1,300 |  |  | 1,489 |  |
The following tables provides a summary of other information related to leases (in thousands):
| Years ended December 31,
| 2024 |  | 2023 |  | 2022
Cash payments included in operating cash flows from lease arrangements | $ | 3,253 |  |  | $ | 5,500 |  |  | $ | 6,237 |
Right-of-use assets obtained in exchange for new operating lease liabilities | 7,170 |  |  | 836 |  |  | 437 |
The following table provides a summary of balance sheet information related to leases:
| December 31,
| 2024 |  | 2023
Weighted-average remaining lease term—operating leases | 6.65 years |  | 1.57 years
Weighted-average discount rate—operating leases | 6 | % |  | 7 | %
Maturity of lease liabilities under our non-cancellable operating leases as of December 31, 2024, are as follows (in thousands):
Payments due by period |  |
2025 |  | $ | 1,749 |
2026 |  | 1,241 |
2027 |  | 1,127 |
2028 |  | 1,085 |
2029 |  | 1,114 |
Thereafter |  | 3,497 |
Total lease payments |  | 9,813 |
Less interest |  | 2,019 |
Present value of lease liabilities |  | $ | 7,794 |

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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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