The Company determines if a contract is a lease at inception. We have leases primarily for office facilities and information technology equipment. All of our leases are classified as operating leases.

Supplemental balance sheet information related to the Company’s operating leases as of March 31, 2022 was as follows (in thousands):

	March 31, 2022
Operating lease ROU assets⁽¹⁾	$	18,899
Current portion of operating lease liabilities⁽²⁾		4,279
Noncurrent portion of operating lease liabilities⁽²⁾		16,397
Total operating lease liabilities	$	20,676


	March 31, 2022
Weighted-average remaining lease term	5.1 years
Weighted-average discount rate		3.9	%

The components of lease expense and other lease information as of and during the three-month period ended March 31, 2022 are as follows (in thousands):

	March 31, 2022
Operating lease cost	$	1,365
Short-term lease cost		21
Variable lease cost		498
Gross lease cost	$	1,884
Sub-lease income		(209	)
Net lease cost	$	1,675

Other lease information
Cash paid for amounts included in measurement of lease liabilities
Operating cash flows for operating leases	$	1,277

Our leases have remaining lease terms of 1 year to 10 years. These leases generally contain renewal options for periods ranging from two to five years. Because the Company is not reasonably certain to exercise these renewal options, the options are not considered in determining the lease term, and associated potential option payments are excluded from lease payments. Expenses associated with operating leases were $1.9 million and $1.8 million for the three months ended March 31, 2022 and 2021, respectively, and are recorded in general and administrative expenses on the unaudited Condensed Consolidated Statement of Operations. Variable lease costs, such as utilities and common area maintenance charges, are excluded from lease liabilities and expensed as incurred. The variable lease costs are determined based on terms in the lease contracts and primarily relate to usage of the ROU asset and services received from the lessor.

The following table summarizes the maturity of our operating lease liabilities as of March 31, 2022 (in thousands):

	Operating Leases
2022	$	3,644
2023		5,269
2024		4,214
2025		3,859
2026		3,070
Thereafter		2,739
Total undiscounted lease payments		22,795
Less: imputed interest		2,119
Total lease liabilities	$	20,676