Leases

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Leases

7 — Leases

The following table summarizes the components of the Company's operating lease expense:

	Year Ended December 31,
	2022
	in thousands
Operating lease expense (1)	$	10,737
Short-term lease expense (1)	187
Variable lease expense (1) (3)	3,943
Sublease revenue (2)	(156)
Lease cost, net	$	14,711

(1) Classified within "General and administrative services" on the Consolidated Statements of Operations.

(2) Classified within "Membership, marketplace and other revenue" on the Consolidated Statements of Operations.

(3) Amounts include payments for maintenance, taxes, insurance and payments affected by the CPI.

Supplemental balance sheet information related to operating leases is as follows:

	December 31,
	2022
	in thousands
Operating lease ROU assets	$	82,398
Other current liabilities	7,556
Operating lease liabilities	80,772
Total operating lease liabilities	$	88,328
Other Supplemental Information
ROU assets obtained in exchange for new operating lease liabilities (in thousands) (1)	$	82,398
Gains (losses) on sales and leaseback transactions, net (in thousands)	$	4,314
Weighted-average lease term	10.23
Weighted-average discount rate	5.5		%

(1) Includes the transition adjustment of $72.8 million for operating lease ROU assets recorded as of January 1, 2022, upon adoption ASC 842.

The following table summarizes information about the amount and timing of our future operating lease commitments as of December 31, 2022:

	in thousands
2023	$	12,129
2024	12,206
2025	11,765
2026	11,176
2027	10,984
Thereafter	58,530
Total lease payments	116,790
Less: imputed interest	(28,462)
Total lease liabilities	$	88,328

The following table summarizes future minimum rental payments due under our operating leases in accordance with Topic 840 as of December 31, 2021:

	in thousands
2022	$	9,068
2023	8,783
2024	8,587
2025	8,451
2026	7,936
Thereafter	53,940
Total	$	96,765

Total rent expense for the year ended December 31, 2021 was $7.4 million.

During the year ended December 31, 2022, the Company recognized an impairment charge of $4.7 million related to operating lease ROU assets, which was recorded within "Restructuring, impairment and related charges, net" in the Consolidated Statements of Operations. Refer to Note 14 — Restructuring, Impairment and Related Charges for additional information.