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Leases
3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Leases Leases
Operating lease cost details for the three months ended March 31, 2023 and 2022 are as follows:
Three Months Ended
March 31,
20232022
(In thousands)
Building rent$523 $575 
Automobile rentals250 220 
Total net operating lease costs$773 $795 
At March 31, 2023, the Company’s weighted average remaining lease term for its operating leases is 5.6 years, and the weighted average discount rate for its operating leases is 5%.
During the three months ended March 31, 2023, there were $0.7 million of operating cash payments for lease liabilities, and $0.1 million of right-of use assets obtained in exchange for new lease liabilities.
Maturities of the Company’s operating leases as of March 31, 2023 are as follows:
As of
March 31, 2023
(In thousands)
2023$2,040 
20242,111 
20251,805 
20261,724 
20271,552 
Later years2,717 
Less imputed interest(1,730)
Total lease liabilities$10,219