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Leases
12 Months Ended
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):
LeasesDecember 31, 2023December 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 rate4.97 %

The components of lease expense are as follows (in thousands):
Year Ended
December 31, 2023December 31, 2022December 31, 2021
Operating lease cost$5,171 $5,098 $5,185 
Short-term lease cost150 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 
20244,442 
20253,763 
20263,471 
20273,268 
Thereafter12,102 
 Total future minimum lease payments$31,979 
 Less: amount representing interest(5,350)
 Present value of future minimum lease payments$26,629