Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Leases

v3.23.1
Leases
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Leases Leases
The Company has entered into various non-cancelable operating leases for its office facilities with expiration dates through April 2032. The components of operating lease costs recorded under operating expenses for the year ended December 31, 2022 were as follows:
Fixed cost and variable payments $ 7,617 
Short-term lease cost 655 
Total operating lease cost $ 8,272 
The Company’s lease expenses prior to the adoption of ASC Topic 842 were $4,220 and $5,054 for the years ended December 31, 2020, and 2021, respectively.
As of December 31, 2022, the Company’s weighted average remaining lease term was 8.67 years and the weighted average discount rate was 3.79%.
As of December 31, 2022, the minimum lease payments for the Company’s ROU assets over the remaining lease periods are as follows:
2023 $ 9,162 
2024 5,942 
2025 5,768 
2026 5,768 
2027 5,768 
2028 and thereafter 24,854 
Total undiscounted lease payments 57,262 
Less: imputed interest (8,096)
Present value of lease liabilities $ 49,166