LEASES (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of Total Lease Expense

The Company's total operating lease cost is comprised of the following:

	Year Ended December 31,
(In Thousands)	2023		2022
Operating Lease cost:
Operating Lease cost classified within Operating Expenses1	$	3,178	$	4,239
Total Operating Lease cost:	$	3,178	$	4,239

1 Short-term and variable lease expenses were not significant during the years ended December 31, 2023 and 2022. Short-term lease expense is defined as leases with a lease term of greater than one month, but not greater than 12 months.

Schedule of Supplemental Cash Flow Information

Additional information regarding the Company's leasing activities as a lessee is as follows:

	Year Ended December 31,
(In Thousands)	2023		2022
Cash Paid for amounts included in measurement of Lease Liabilities:
Operating Cash Flows for Operating Leases	$	5,847	$	5,913
Total Cash paid for amounts included in measurement of Lease Liabilities	5,847		5,913
Right-of-Use Assets obtained in exchange for new Operating Lease Liabilities	—		711

Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases is as follows:

		December 31,
(In Thousands)	Balance Sheet Classification	2023		2022
Assets
Total Lease Assets1	Operating Lease Right-of-Use Assets	$	9,271	$	11,875
Liabilities
Total Lease Liabilities	Operating Lease Liabilities	$	15,849	$	21,122

1 Operating lease right-of-use assets as of December 31, 2022 reflects impairment charges of $2.9 million that were recorded as part of the restructuring activities initiated during 2022. For further details related to the restructuring activities, see Note 11.

Schedule of Weighted-Average Discount Rate and Weighted-Average Remaining Lease Term

Below is a summary of the weighted-average discount rate and weighted-average remaining lease term for the Company's operating leases:

	December 31,
	2023			2022
	Weighted Average Discount Rate		Weighted Average Remaining Lease Term (in years)	Weighted Average Discount Rate		Weighted Average Remaining Lease Term (in years)
Operating Leases	3.5	%	3.1	3.4	%	3.9

Schedule of Operating Lease, Liability, Maturity

The table also includes a reconciliation of the future undiscounted cash flows to the present value of operating lease liabilities included in the consolidated balance sheets.

(In Thousands)	Total
2024	$	5,675
2025	4,513
2026	3,911
2027	2,672
2028	—
Thereafter	—
Total Undiscounted Cash Flows	16,771
Less: Interest	(922)
Present Value of Lease Liabilities	$	15,849