Operating Leases

9 Months Ended

Sep. 30, 2023

The Company leases certain facilities and equipment under operating leases. Leases with a lease term of twelve months or less are considered short-term leases and are not recorded on the balance sheet, and expense for these leases is recognized over the term of the lease. All other leases have remaining terms of one to seven years, some of which may include options to extend the lease and some of which may include options to terminate the lease within one year. The Company uses judgment to determine whether it is reasonably possible to extend the lease beyond the initial term or terminate before the initial term ends and the length of the possible extension or early termination. The leases are renewable at the option of the Company and do not contain residual value guarantees, covenants, or other restrictions.

The components of lease costs were as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Operating lease costs	$	621	$	600	$	1,853	$	1,840
Short-term lease costs	11		53		41		155
Variable lease costs	89		84		295		308
Lease costs	$	721	$	737	$	2,189	$	2,303

As of September 30, 2023, maturities of lease liabilities, excluding short-term and variable leases, for continuing operations were as follows:


2023	$	465
2024	2,011
2025	1,886
2026	1,494
2027	1,238
2028	1,260
Thereafter	1,847
Total	10,201
Present value adjustment	(2,809)
Total	$	7,392
Current portion of operating lease liabilities	$	1,200
Long-term portion of operating lease liabilities	6,192
Total	$	7,392

Other information related to operating leases in continuing operations was as follows:


	September 30, 2023		December 31, 2022
Weighted average remaining lease term (years)	5.58		6.09
Weighted average discount rate	11.18	%	11.05	%


	Nine Months Ended September 30,
	2023		2022
Supplemental disclosure of cash flow information
Cash paid for operating lease liabilities	$	1,769	$	1,877
Operating lease right-of-use assets obtained in exchange for new lease liabilities (includes new leases or modifications of existing leases)	399		466