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Leases (Tables)
 3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Lease, Cost
Lease expense is included in office and technology expenses in the unaudited Consolidated Statements of Operations. Information regarding the Company’s leases follows:
Three Months Ended
March 31,
(in thousands)20232022
Operating leases$672 $563 
Finance leases:
Amortization of lease assets54 — 
Interest on lease liabilities7 — 
Short-term leases (b)52 67 
Lease expense$785 $630 
Sub-lease income— — 
Lease cost$785 $630 
(b)Leases with an initial term of twelve months or less are not recorded on the unaudited Consolidated Balance Sheets.
Lessee, Lease Liability, Current and Non-current
Components of the lease liability presented on the unaudited Consolidated Balance Sheets are as follows:
(in thousands)As of
March 31, 2023		As of
December 31, 2022
Current:
Operating lease liabilities$1,427 $1,693 
Finance lease liabilities171 218 
Non-current:
Operating lease liabilities4,708 4,401 
Finance lease liabilities520 527 
Total lease liabilities$6,826 $6,839 
Lessee, Lease Liability, Maturity
The future minimum lease payments for leases that have initial or remaining noncancelable lease terms in excess of one year as of March 31, 2023, are summarized as follows:
Year Ended (in thousands)Operating LeasesFinance LeasesTotal
2023$1,584 $181 $1,765 
20242,090 201 2,291 
20251,584 171 1,755 
2026958 134 1,092 
2027266 51 317 
Thereafter50 — 50 
Total undiscounted payments$6,532 $738 $7,270 
Less: present value adjustment(397)(47)(444)
Lease liabilities$6,135 $691 $6,826 
Lease Other Information
Supplemental lease information is as follows:
As of
March 31, 2023		As of
December 31, 2022
Weighted average remaining lease term (years)  
    Operating Leases2.033.43
     Finance Leases3.593.80
Weighted average discount rate  
    Operating Leases3.9 %3.9 %
     Finance Leases3.7 %3.7 %