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Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Leases Recorded on the Balance Sheet

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

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		%

Components of Lease Expense

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

Maturities of Operating Lease Liabilities

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

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-4

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- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

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- Definition

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