Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.23.1
COMMITMENTS AND CONTINGENCIES (Tables)
 3 Months Ended
Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Lease Cost
The following table summarizes the Company’s leases as of March 31, 2023 and December 31, 2022 (dollar amounts in thousands):
March 31, 2023 December 31, 2022
Right-of-use assets, included in Other assets $ 12,702  $ 15,260 
Lease Liabilities, included in Other liabilities $ 15,415  $ 17,490 
Weighted-average remaining lease term (in years) 4.0 4.2
Weighted-average discount rate 4.03  % 4.24  %
The components of lease expense included in general and administrative in the condensed consolidated statements of operations for the three months ended March 31, 2023 and 2022 are as follows (in thousands):
Three Months Ended March 31,
2023 2022
Operating lease costs $ 1,009  $ 1,065 
Variable lease costs 64  32 
Total lease costs, included in general and administrative expenses $ 1,073  $ 1,097 
Cash paid for amounts included in the measurement of operating lease liabilities $ 1,316  $ 1,167 
Schedule of Maturities of Operating Lease Liabilities
As of March 31, 2023, the maturities of operating lease liabilities were as follows (in thousands):
2023 (excluding the three months ended March 31, 2023) $ 5,557 
2024 3,973 
2025 2,994 
2026 2,627 
2027 2,376 
Thereafter 70 
Total lease liabilities 17,597 
Less: Imputed interest (2,182)
Total operating lease liabilities $ 15,415