The Company leases office space in Cambridge, Massachusetts under a non-cancelable operating lease that expires in September 2024. The Company also leases office space in Austin, Texas under a non-cancelable operating lease that expires in April 2025. In connection with the acquisition of Eversurance, the Company acquired a ten-year non-cancelable operating lease in Evansville, Indiana that expires in August 2030. In connection with the sale of Eversurance LLC in August 2023, the Evansville, Indiana office lease was transferred to the buyers of Eversurance LLC. The carrying value of the right-of-use asset and related operating lease liability was $1.1 million each as of August 1, 2023, and as a result, there was no loss related to the lease (see Note 16). As part of the Company's restructuring in 2023, the Company subleased a portion of office space in its Cambridge, Massachusetts headquarters for the remaining term of its lease through September 2024 to two third parties for total payments of approximately $0.3 million. In connection with entering into the subleases, the Company recorded an asset impairment of $0.4 million in restructuring and other charges in the consolidated statements of operations and comprehensive loss (see Note 16).

As of December 31, 2023, the Company maintained security deposits of $0.4 million with the landlords of its leases, which amounts were included in prepaid expenses and other current assets on the Company’s consolidated balance sheet. As of December 31, 2022, the Company maintained security deposits of $0.5 million with the landlords of its leases, which amounts were included in other assets on the Company’s consolidated balance sheet.

The components of lease cost under ASC 842 were as follows (in thousands):


	Year Ended December 31,
	2023		2022		2021
Operating lease cost	$	2,682	$	2,896	$	3,174
Short-term lease cost		318		269		39
Variable lease cost		546		676		596
	$	3,546	$	3,841	$	3,809

Supplemental disclosure of cash flow information related to leases was as follows (in thousands):


	Year Ended December 31,
	2023		2022		2021
Cash paid for amounts included in the measurement of operating lease liabilities	$	3,190	$	3,194	$	3,271
Operating lease liabilities arising from obtaining right-of-use assets	$	—	$	1,096	$	383

The weighted-average remaining lease term and discount rate were as follows:


	December 31,
	2023			2022

Weighted-average remaining lease term - operating leases (in years)		0.8			2.93
Weighted-average discount rate - operating leases		4.74	%		4.59	%

Because the interest rate implicit in the lease was not readily determinable, the Company's incremental borrowing rate was used to calculate the present value of the leases. In determining its incremental borrowing rate, the Company considered its credit quality and assessed interest rates available in the market for similar borrowings, adjusted for the impact of collateral over the term of the lease.

Future annual lease payments under the Company’s leases as of December 31, 2023 were as follows (in thousands):


Years ending December 31,
2024	$	2,128
2025		70
Total future minimum lease payments		2,198
Less: imputed interest		(38	)
Total operating lease liabilities	$	2,160

Total operating lease liabilities in the table above are classified on the consolidated balance sheet as follows (in thousands):

December 31, 2023

Current operating lease liabilities

Operating lease liabilities, net of current portion

Total operating lease liabilities