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LEASES

12 Months Ended

Dec. 31, 2023

16. LEASES

The Group has operating leases for classrooms, dormitories, and corporate offices.

The components of lease expense from continuing operations were as follows:

Supplemental cash flow information related to leases from continuing operations was as follows:

Supplemental balance sheet information related to leases was as follows:


	Years ended December 31,
	2022		2023
Weighted-average Remaining Lease Term
Operating leases	3.16 Years		2.20 Years
Weighted-average Discount Rate	—		—
Operating leases	4.25	%	4.25	%

The Group’s lease agreements do not have a discount rate that is readily determinable. The incremental borrowing rate is determined at lease commencement or lease modification and represents the rate of interest the Group would have to pay to borrow on a collateralized basis over a similar term and amount equal to the lease payments in a similar economic environment. The weighted-average discount rate was calculated using the discount rate for the lease that was used to calculate the lease liability balance for each lease and the remaining balance of the lease payments for each lease as of December 31, 2023.

The Group performed impairment test on the operating lease right-of-use assets and recognized impairment loss from continuing operations in nil for the year ended December 31, 2021, 2022 and 2023.

The weighted-average remaining lease terms were calculated using the remaining lease term and the lease liability balance for each lease as of December 31, 2023.

As of December 31, 2023, maturities of lease liabilities were as follows:


		Amount


2024	$	4,176
2025		2,415
2026		465
2027		31
2028		8
Thereafter		—
Total lease payments		7,095
Less: interest		(260)
Total		6,835
Less: current portion		(2,486)
Non-current portion	$	4,349

As of December 31, 2023, the Group had no material operating or finance leases that had not yet commenced.

Years ended December 31,

Operating lease expense