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Leases
3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Leases Leases
The Company leases certain office facilities and equipment under non-cancelable operating leases with remaining terms from less than one to ten years.
Operating lease ROU assets are included in other assets. With respect to operating lease liabilities, current operating lease liabilities are included in current liabilities and non-current operating lease liabilities are included in long-term liabilities in the condensed consolidated balance sheets. At March 31, 2024, the weighted average remaining lease terms were 6.09 years for operating leases and the weighted average discount rate was 5.47% for operating leases. For additional information on the Company's leases, see Note 14 to the condensed consolidated financial statements included in the Company’s 2023 Annual Report.
The following table summarizes the lease-related assets and liabilities recorded in the condensed consolidated balance sheets at March 31, 2024 and December 31, 2023:
Lease PositionBalance Sheet ClassificationMARCH 31, 2024DECEMBER 31, 2023
(In thousands)
Assets
Operating lease assetsOperating lease right-of-use assets$14,292 $9,604 
Total lease assets$14,292 $9,604 
Liabilities
Current
OperatingOther current liabilities$4,331 $4,375 
Noncurrent
OperatingOperating lease liabilities, net of current portion11,631 6,955 
Total lease liabilities$15,962 $11,330 
The following table summarizes by year the maturities of our minimum lease payments as of March 31, 2024:
OPERATING
LEASES
(In thousands)
Remainder of 2024$3,460 
20253,839 
20262,528 
20271,777 
2028979 
Thereafter6,107 
Total future lease payments18,690 
Less: imputed interest(2,728)
Total$15,962 
Leases Leases
The Company leases certain office facilities and equipment under non-cancelable operating leases with remaining terms from less than one to ten years.
Operating lease ROU assets are included in other assets. With respect to operating lease liabilities, current operating lease liabilities are included in current liabilities and non-current operating lease liabilities are included in long-term liabilities in the condensed consolidated balance sheets. At March 31, 2024, the weighted average remaining lease terms were 6.09 years for operating leases and the weighted average discount rate was 5.47% for operating leases. For additional information on the Company's leases, see Note 14 to the condensed consolidated financial statements included in the Company’s 2023 Annual Report.
The following table summarizes the lease-related assets and liabilities recorded in the condensed consolidated balance sheets at March 31, 2024 and December 31, 2023:
Lease PositionBalance Sheet ClassificationMARCH 31, 2024DECEMBER 31, 2023
(In thousands)
Assets
Operating lease assetsOperating lease right-of-use assets$14,292 $9,604 
Total lease assets$14,292 $9,604 
Liabilities
Current
OperatingOther current liabilities$4,331 $4,375 
Noncurrent
OperatingOperating lease liabilities, net of current portion11,631 6,955 
Total lease liabilities$15,962 $11,330 
The following table summarizes by year the maturities of our minimum lease payments as of March 31, 2024:
OPERATING
LEASES
(In thousands)
Remainder of 2024$3,460 
20253,839 
20262,528 
20271,777 
2028979 
Thereafter6,107 
Total future lease payments18,690 
Less: imputed interest(2,728)
Total$15,962