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Leases | 3 Months Ended
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Mar. 31, 2024
Leases [Abstract] |
Leases | Leases The Company’s headquarters are located in Santa Clara, California, where the Company has an operating lease covering its corporate office expiring in March of 2025. The Company also has operating leases in Duluth, Georgia, and abroad, in Japan, France, China, the United Kingdom, Taiwan, Singapore, and Korea, among other countries. The expiration dates for these operating leases range from 2024 through 2029. As of March 31, 2024 and December 31, 2023, the Company’s operating lease right-of-use assets and operating lease liabilities were as follows:
| March 31, |  | December 31,
| 2024 |  | 2023
| (in thousands)
Operating lease right-of-use assets, net | $ | 2,157 |  |  | $ | 1,963 |
Operating lease liabilities, current | 817 |  |  | 735 |
Operating lease liabilities, non-current | $ | 1,320 |  |  | $ | 1,198 |
The components of operating lease cost during the periods presented were as follows:
| Three Months Ended March 31,
| 2024 |  | 2023
| (in thousands)
Operating lease cost | $ | 230 |  |  | $ | 256 |
Variable lease cost(1) | 60 |  |  | 24 |
Total operating lease cost | $ | 290 |  |  | $ | 280 |
(1)Variable lease cost includes common area maintenance, utilities, security, insurance and property taxes. Additional information related to the Company’s operating leases for the three months ended March 31, 2024 and 2023 was as follows:
| Three Months Ended March 31,
| 2024 |  | 2023
| (in thousands)
Cash paid for operating lease liabilities | $ | 222 |  |  | $ | 256 |
Right-of-use assets obtained in exchange for lease obligations | $ | 567 |  |  | $ | — |
Weighted average remaining lease term (in years) | 3.85 |  | 4.47
Weighted average discount rate | 3.83 | % |  | 4.13 | %
As of March 31, 2024 maturities of operating lease liabilities were as follows:
Year Ending December 31, | Amount
| (in thousands)
Remainder of 2024 | $ | 622 |
2025 | 652 |
2026 | 382 |
2027 | 219 |
2028 | 194 |
Thereafter | 194 |
Total lease payments | $ | 2,263 |
Less: imputed interest | (126) |
Total operating lease liabilities | $ | 2,137 |
Current portion of lease liability | $ | 817 |
Non-current portion of lease liability | $ | 1,320 |
The Company recorded rent expense of $0.3 million during each of the three months ended March 31, 2024 and 2023

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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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