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Leases | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Leases | Leases The Company primarily leases office and manufacturing facilities in addition to vehicles, which have remaining terms of less than one year to thirteen years. Leases recorded on the balance sheet consist of the following (in thousands):
Leases | December 31, 2023 |  | December 31, 2022
Assets |  |  |
Operating lease right of use asset | $ | 26,953 |  |  | $ | 24,342 |
Liabilities |  |  |
Operating lease - current | $ | 4,004 |  |  | $ | 4,208 |
Operating lease - non-current | $ | 22,625 |  |  | $ | 20,043 |
Other information related to lease term and discount rate is as follows:
| December 31, 2023
Operating leases weighted average remaining lease term (in years) | 7.9 years
Operating leases weighted average discount rate | 4.97 | %
The components of lease expense are as follows (in thousands):
| Year Ended
| December 31, 2023 |  | December 31, 2022 |  | December 31, 2021
Operating lease cost | $ | 5,171 |  |  | $ | 5,098 |  |  | $ | 5,185 |
Short-term lease cost | 150 |  |  | 121 |  |  | 141 |
Sublease income | (385) |  |  | (423) |  | (220) |  | (220) |
Total net lease cost | $ | 4,936 |  |  | $ | 4,796 |  |  | $ | 5,106 |
Right of use assets obtained in exchange for new operating lease liability during 2023 were $6.8 million and in 2022 were $1.2 million. The Company paid $5.1 million for its operating leases for the year ended December 31, 2023 and $5.1 million for the year ended December 31, 2022, which are included in operating cash flows on the consolidated statements of cash flows. Undiscounted maturities of operating lease payments as of December 31, 2023 are summarized as follows (in thousands):
2023 | $ | 4,933 |
2024 | 4,442 |
2025 | 3,763 |
2026 | 3,471 |
2027 | 3,268 |
Thereafter | 12,102 |
Total future minimum lease payments | $ | 31,979 |
Less: amount representing interest | (5,350) |
Present value of future minimum lease payments | $ | 26,629 |

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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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