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Leases | 9 Months Ended
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Sep. 30, 2023
Leases [Abstract] |
Leases | Leases The Company has operating leases for real estate and certain equipment. The Company leases office space in Canada, Germany, Spain, the U.K., and the U.S. under operating leases. Our leases have remaining lease terms ranging from less than one year up to seven years. Certain leases include one or more options to renew. In addition, we sublease real estate to a third party. All of our leases qualify as operating leases. The following table summarizes the components of lease expense for the three and nine months ended September 30, 2023 and 2022 (in thousands):
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Operating lease cost | $ | 548 |  |  | $ | 510 |  |  | $ | 1,868 |  |  | $ | 1,753 |
Short-term lease cost | 26 |  |  | — |  |  | 66 |  |  | — |
Variable lease cost | 194 |  |  | 137 |  |  | 510 |  |  | 528 |
Sublease income | (90) |  |  | (89) |  |  | (270) |  |  | (263) |
Total lease cost | $ | 678 |  |  | $ | 558 |  |  | $ | 2,174 |  |  | $ | 2,018 |
Cash payments against the operating lease liabilities total ed $2.5 million and $2.4 million and for the nine months ended September 30, 2023 and 2022. ROU assets obtained in exchange for lease obligations was $512,000 for the nine months ended September 30, 2023. There wa s no ROU asset obtained in exchange for lease obligations for nine months ended September 30, 2022. The following table summarizes the presentation in our condensed consolidated balance sheets of our operating leases (in thousands):
|  |  | September 30, 2023 |  | December 31, 2022
Assets: |  |  |  |
| Operating lease right-of-use assets |  | $ | 6,334 |  |  | $ | 7,440 |
Liabilities: |  |  |  |
| Operating lease liabilities |  | $ | 2,568 |  |  | $ | 2,972 |
| Long-term operating lease liabilities |  | 7,141 |  |  | 8,326 |
| Total operating lease liabilities |  | $ | 9,709 |  |  | $ | 11,298 |
Weighted average remaining lease term (years) |  | 5.44 |  | 5.87
Weighted average discount rate |  | 4.3 | % |  | 4.3 | %
Maturities of lease liabilities were as follows (in thousands):
Years ending December 31, |
2023 (excluding the nine months ended September 30, 2023) | $ | 710 |
2024 | 2,486 |
2025 | 1,879 |
2026 | 1,394 |
2027 | 1,350 |
Thereafter | 2,925 |
Total lease payments | 10,744 |
Less interest | (1,035) |
Present value of operating lease liabilities | $ | 9,709 |

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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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