Annual report pursuant to Section 13 and 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.22.4
COMMITMENTS AND CONTINGENCIES (Tables)
 12 Months Ended
Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Summary of Lease Cost
The following is a summary of the Company’s leases as of December 31, 2022 (dollar amounts in thousands):
Right-of-use assets, included in Other assets $ 15,260 
Lease Liabilities, included in Other liabilities $ 17,490 
Weighted-average remaining lease term (in years) 4.2
Weighted-average discount rate 4.24  %
The components of lease expense included in general and administrative expenses in the consolidated and combined statements of operations for the year ended December 31, 2022 are as follows (in thousands):
Operating lease costs $ 4,310 
Variable lease costs 204 
Total lease costs, included in general and administrative expenses $ 4,514 
Cash paid for amounts included in the measurement of operating lease liabilities $ 4,410 
Summary of Maturities of Operating Lease Liabilities
As of December 31, 2022, the maturities of operating lease liabilities were as follows (in thousands):
2023 $ 5,278 
2024 4,339 
2025 3,372 
2026 3,061 
2027 2,738 
Total lease liabilities 18,788 
Less: Imputed interest (1,298)
Total operating lease liabilities $ 17,490