LEASES

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

LEASES

LEASES

ROU assets and lease liabilities on the accompanying consolidated balance sheet are as follows:

		December 31,
Leases	Balance Sheet Classification	2023		2022
		(In thousands)
Right-of-use assets	Other non-current assets	$	12,795	$	18,751
Current lease liabilities	Accrued expenses and other current liabilities	$	2,661	$	2,979
Long-term lease liabilities	Other long-term liabilities	10,775		16,335
Total lease liabilities		$	13,436	$	19,314

Components of lease expense are as follows:

	Years Ended December 31,
Lease Expense	2023		2022		2021
	(In thousands)
Fixed (a)	$	4,449	$	5,971	$	3,884
Short-term	2,131		2,273		553
Variable	238		226		119
Total lease expense, net	$	6,818	$	8,470	$	4,556

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(a)    Represents "Non-cash lease expense" included in the accompanying consolidated statement of cash flows which comprises amortization of ROU assets and impairments.

	Years Ended December 31,
Lease Expense Income Statement Classification	2023		2022		2021
	(In thousands)
Cost of revenue	$	692	$	806	$	304
Research and development expense	2,048		2,613		1,984
Sales and marketing expense	2,229		1,622		1,163
General and administrative expense	1,849		3,429		1,105
Total lease expense, net	$	6,818	$	8,470	$	4,556

Maturities of lease liabilities as of December 31, 2023 are as follows:

Years Ended December 31,	(In thousands)
2024	$	3,717
2025	3,625
2026	3,679
2027	3,826
2028	1,318
Total(a)	16,165
Less: imputed interest	(2,729)
Total lease liabilities	$	13,436

_____________________

(a)    All leases are expected to mature by December 31, 2028.

The weighted average assumptions used for lease term and discount rate are as follows:

	December 31,
	2023		2022		2021
Remaining lease term	4.2 years		5.1 years		2.6 years
Discount rate	8.9	%	8.1	%	3.1	%

Other information related to leases is as follows:

	Years Ended December 31,
	2023		2022		2021
	(In thousands)
Right-of-use assets obtained in exchange for lease liabilities	$	262	$	14,793	$	15,654
Cash paid for amounts included in the measurement of lease liabilities	$	4,324	$	5,724	$	3,543