XML 37 R19.htm IDEA: XBRL DOCUMENT v3.24.0.1
LEASES
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
LEASES LEASES
We have operating and finance leases covering certain land locations and various office facilities and equipment in our two reportable business segments. Our leases have remaining lease terms of one year to seven years, some of which include options to extend the leases for up to 10 years, and some of which include options to terminate the leases within 90 days. In addition, we do not recognize right-of-use assets or lease liabilities for leases with terms shorter than twelve months.
The components of lease expense were $4.2 million, $5.0 million and $5.9 million under operating leases for the years ended December 31, 2023, 2022 and 2021, respectively. The components of lease expense were $0.2 million, $0.0 million and $0.0 million under finance leases for the years ended December 31, 2023, 2022 and 2021, respectively. Included in the measurement of lease liabilities, we paid $4.6 million and $0.1 million in cash related to operating leases and finance leases during the year ended December 31, 2023, respectively. Right-of-use assets obtained in exchange for new lease obligations during the year ended December 31, 2023 were $0.6 million.

Supplemental balance sheet information related to leases were as follows (in thousands):
 December 31, 2023December 31, 2022
Operating leases
Operating lease right-of-use assets$12,286 $15,722 
Other current liabilities$3,594 $3,792 
Operating lease liabilities9,264 12,771 
Total operating lease liabilities$12,858 $16,563 
Finance leases
Other noncurrent assets$760 $— 
Other current liabilities$164 $— 
Other noncurrent liabilities613 — 
Total finance lease liabilities$777 $— 
Weighted average remaining lease term
Operating leases4.1 years4.8 years
Finance leases4.3 years— 
Weighted average discount rate
Operating leases5.5 %5.4 %
Finance leases6.6 %— %

Maturities of lease liabilities at December 31, 2023, were as follows (in thousands):

Year Ending December 31,Operating LeasesFinance LeasesTotal
2024$4,341 $222 $4,563 
20253,366 222 3,588 
20262,721 222 2,943 
20272,548 216 2,764 
20281,238 63 1,301 
Thereafter554 — 554 
Total lease payments14,768 945 15,713 
Less imputed interest1,910 168 2,078 
Total$12,858 $777 $13,635 
LEASES LEASES
We have operating and finance leases covering certain land locations and various office facilities and equipment in our two reportable business segments. Our leases have remaining lease terms of one year to seven years, some of which include options to extend the leases for up to 10 years, and some of which include options to terminate the leases within 90 days. In addition, we do not recognize right-of-use assets or lease liabilities for leases with terms shorter than twelve months.
The components of lease expense were $4.2 million, $5.0 million and $5.9 million under operating leases for the years ended December 31, 2023, 2022 and 2021, respectively. The components of lease expense were $0.2 million, $0.0 million and $0.0 million under finance leases for the years ended December 31, 2023, 2022 and 2021, respectively. Included in the measurement of lease liabilities, we paid $4.6 million and $0.1 million in cash related to operating leases and finance leases during the year ended December 31, 2023, respectively. Right-of-use assets obtained in exchange for new lease obligations during the year ended December 31, 2023 were $0.6 million.

Supplemental balance sheet information related to leases were as follows (in thousands):
 December 31, 2023December 31, 2022
Operating leases
Operating lease right-of-use assets$12,286 $15,722 
Other current liabilities$3,594 $3,792 
Operating lease liabilities9,264 12,771 
Total operating lease liabilities$12,858 $16,563 
Finance leases
Other noncurrent assets$760 $— 
Other current liabilities$164 $— 
Other noncurrent liabilities613 — 
Total finance lease liabilities$777 $— 
Weighted average remaining lease term
Operating leases4.1 years4.8 years
Finance leases4.3 years— 
Weighted average discount rate
Operating leases5.5 %5.4 %
Finance leases6.6 %— %

Maturities of lease liabilities at December 31, 2023, were as follows (in thousands):

Year Ending December 31,Operating LeasesFinance LeasesTotal
2024$4,341 $222 $4,563 
20253,366 222 3,588 
20262,721 222 2,943 
20272,548 216 2,764 
20281,238 63 1,301 
Thereafter554 — 554 
Total lease payments14,768 945 15,713 
Less imputed interest1,910 168 2,078 
Total$12,858 $777 $13,635