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LEASES
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Leases LEASES
During the years ended December 31, 2022 and 2021, the Company incurred operating lease expenses of $29.1 million and $29.8 million, respectively, including short-term lease expenses, which were included as a component of selling, general and administrative expenses in the consolidated statements of comprehensive income (loss). As of December 31, 2022, the weighted-average remaining lease term was 6.5 years and the weighted-average discount rate was 5.25%.
Operating leases mature as follows (in thousands):
Fiscal Year Ended December 31,Minimum Payments
2023$24,047 
202417,867 
202515,118 
202612,372 
20279,948 
2028 and beyond27,535 
Total lease payments106,887 
Less: Interest(16,066)
Present value of lease liabilities$90,821 
During the year ended December 31, 2022, the Company commenced new leases, extensions and amendments, resulting in non-cash investing and financing activities in the consolidated statements of cash flows of $17.2 million related to the increases in the operating lease right-of-use asset and operating lease liabilities, respectively. As of December 31, 2022, the Company did not have any significant operating or financing leases that had not yet commenced.
Leases LEASES
During the years ended December 31, 2022 and 2021, the Company incurred operating lease expenses of $29.1 million and $29.8 million, respectively, including short-term lease expenses, which were included as a component of selling, general and administrative expenses in the consolidated statements of comprehensive income (loss). As of December 31, 2022, the weighted-average remaining lease term was 6.5 years and the weighted-average discount rate was 5.25%.
Operating leases mature as follows (in thousands):
Fiscal Year Ended December 31,Minimum Payments
2023$24,047 
202417,867 
202515,118 
202612,372 
20279,948 
2028 and beyond27,535 
Total lease payments106,887 
Less: Interest(16,066)
Present value of lease liabilities$90,821 
During the year ended December 31, 2022, the Company commenced new leases, extensions and amendments, resulting in non-cash investing and financing activities in the consolidated statements of cash flows of $17.2 million related to the increases in the operating lease right-of-use asset and operating lease liabilities, respectively. As of December 31, 2022, the Company did not have any significant operating or financing leases that had not yet commenced.