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Leases | 3 Months Ended
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Mar. 31, 2023
Leases [Abstract] |
Leases | Leases Operating Leases The Company has operating leases primarily for office space. Operating lease right-of-use assets and operating lease liabilities are recognized at the lease commencement date based on the present value of the lease payments over the lease term. Right-of-use assets also include adjustments related to prepaid or deferred lease payments and lease incentives. In calculating the present value of the lease payments, the Company utilizes its incremental borrowing rate, as the rates implicit in the leases were not readily determinable. The incremental borrowing rate is estimated to approximate the interest rate on a collateralized basis with similar terms and payments, and in economic environments where the leased asset is located. The Company subleases certain leased office space to third parties when it determines there is excess leased capacity. Sublease income is recorded as a reduction of operating expenses. As part of the restructuring plan described in Note 2, the Company closed certain offices to reflect the geographic distribution of the Company’s employees and $1.0 million amortization of the right-of-use assets was accelerated in the three months ended March 31, 2023. The components of operating lease costs were as follows (in thousands):
|  |  | Three Months Ended March 31,
|  |  |  |  | 2023 |  | 2022
Operating lease costs |  |  |  |  | $ | 1,875 |  |  | $ | 839 |
Sublease income |  |  |  |  | (52) |  |  | (54) |
Total operating lease costs, net |  |  |  |  | $ | 1,823 |  |  | $ | 785 |
As of March 31, 2023, the Company's operating leases had a weighted-average remaining lease term of 2.5 years and a weighted-average discount rate of 3.7%. As of March 31, 2023, maturities of operating lease liabilities were as follows (in thousands):
| Operating Leases
The remainder of 2023 | $ | 2,008 |
2024 | 1,643 |
2025 | 1,684 |
2026 | 141 |
2027 and thereafter | — |
Total future operating lease payments | 5,476 |
Less: Imputed interest | (332) |
Total operating lease liabilities | $ | 5,144 |
Reconciliation of lease liabilities as shown in the consolidated balance sheets |
Operating lease liabilities, current | $ | 2,195 |
Operating lease liabilities, noncurrent | 2,949 |
Total operating lease liabilities | $ | 5,144 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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