Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Balance Sheet and Other Supplemental Operating Lease Information

Operating right-of-use assets are included in ‘Other assets’ on the Consolidated Balance Sheets. Operating lease liabilities are included in ‘Other current liabilities’ and ‘Other noncurrent liabilities’, respectively, on the Consolidated Balance Sheets as follows (in thousands):

	December 31,
	2023		2022
Operating lease right-of-use assets	$	24,564	$	40,640
Operating lease liabilities, current	$	15,801	$	22,153
Operating lease liabilities, noncurrent	16,626		33,996
Total operating lease liabilities	$	32,427	$	56,149

Other supplemental operating lease information consists of the following:

	December 31,
	2023		2022
Operating leases:
Weighted average remaining lease term	3.0 years		3.3 years
Weighted average discount rate	3.27	%	3.08	%

Components of Lease Expense and Supplemental Cash Flow Information

The components of lease expense are as follows (in thousands):

	December 31,
	2023		2022
Operating lease cost	$	15,065	$	17,656
Short-term lease cost (1)	1,070		1,127
Total lease cost	$	16,135	$	18,783

(1)The Company made an election to account for a short-term lease payments on a straight-line basis over the term of the lease.

Maturities of Operating Lease Liabilities

As of December 31, 2023, maturities of operating lease liabilities were as follows (in thousands):

2024	$	16,950
2025	7,395
2026	4,598
2027	2,483
2028	837
Thereafter	1,839
Total lease payments	$	34,102
Less: Imputed interest	1,675
Present value of operating lease liabilities	$	32,427