Leases

9 Months Ended

Sep. 30, 2023

LEASES

The Company has operating leases consisting of office space, vehicle leases, computer equipment, and office equipment. Lease terms and options vary in the Company's operating leases dependent upon the underlying leased asset. We exclude options to extend or terminate a lease from our recognition as part of our right-of-use assets and lease liabilities until those options are known and/or executed, as we typically do not exercise options to purchase the underlying leased asset. As of September 30, 2023, we have leases with remaining terms of one year to five years, some of which may include no options for renewal and others with options to extend the lease terms from six months to five years.

The components of our operating leases were as follows for the three- and nine-month periods ended September 30, 2023 and 2022:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022

Components of lease expense:
Operating lease expense	$	2,255	$	2,201	$	6,653	$	6,569
Less sublease income	305		53		732		160
Net lease expense	1,950		2,148		5,921		6,409
Cash flows information related to leases:
Operating cash outflow from operating leases	1,952		2,170		5,996		6,471