Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

v3.24.0.1
LEASES (Tables)
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Lease, Cost Our short-term lease costs and sublease income are de minimis.
Years Ended December 31,
2023 2022
Operating lease expense $ 8,708  $ 7,819 
Non-cash lease expense $ 7,136  $ 5,802 
Cash payments on lease liabilities $ 9,892  $ 9,162 
ROU assets obtained in exchange for new operating lease obligations $ 40,148  $ 4,878 
ROU assets are classified within Prepaids, other assets and goodwill on our consolidated balance sheets, while lease liabilities are classified within Accrued liabilities on our consolidated balance sheets. The following table contains additional information about our leases (dollars in thousands):
At December 31,
2023 2022
ROU assets $ 51,275 $ 19,129
Lease liabilities $ 54,040 $ 22,782
Weighted-average remaining lease term 8.5 years 4.5 years
Weighted-average discount rate (incremental borrowing rate) 3.80  % 4.44  %
Lessee, Operating Lease, Liability, Maturity
Maturities of our operating lease liabilities as of December 31, 2023 are as follows (in thousands):
Year ended December 31,
2024 $ 9,518 
2025 8,693 
2026 7,401 
2027 6,429 
2028 5,163 
Thereafter 26,143 
Total payments 63,347 
Less: imputed interest (9,307)
Present value of lease liabilities $ 54,040