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LEASES
3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
LEASES LEASES
The Company has entered into various operating leases for certain offices, support locations and vehicles with terms extending through December 2038. Generally, these leases have initial lease terms of five years or less.
As of March 31, 2024, the Company had no leases classified as finance leases. The Company is currently not a lessor in any lease arrangement.
Operating lease expense was $630 thousand and $564 thousand for the three months ended March 31, 2024 and 2023, respectively. Variable and short-term lease cost was $528 thousand for the three months ended March 31, 2024. Variable and short-term lease cost were not material for the three months ended March 31, 2023. Cash paid for amounts included in the measurement of lease liabilities was $466 thousand and $621 thousand for the three months ended March 31, 2024 and 2023, respectively.
Future maturities of the Company's operating lease liabilities are summarized as follows (in thousands):
Fiscal year ended,
2024$1,509 
20252,090 
20261,661 
20271,091 
2028831 
Thereafter6,708 
Total lease liabilities13,890 
Less: Imputed interest(4,923)
Present value of lease liabilities$8,967 
The following is supplemental lease information as of March 31, 2024 and December 31, 2023:
20242023
Weighted-average remaining lease term (years)10.09.9
Weighted-average discount rate10.5 %10.8 %