LEASES (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Lease, Cost

Operating lease expense was as follows (in thousands):

	Year Ended December 31,
	2023		2022
Rent expense	$	13,016	$	11,946
Variable lease payments	$	280	$	429

Supplemental information related to the Company’s operating leases was as follows ($ in thousands):

	As of December 31, 2023		As of December 31, 2022
Weighted-average remaining lease term (in years)	7.4		8.2
Weighted-average discount rate	6.1	%	5.7	%

	Year Ended December 31,
	2023		2022
Operating lease right-of-use assets recognized in exchange for new operating lease obligations (1)	$	(1,839)	$	68,819

(1) During the year ended December 31, 2023, $1.8 million of operating lease right-of-use assets and corresponding lease liability were derecognized as a result of early termination.

Lessee, Operating Lease, Liability, Maturity

Maturities of the Company’s operating lease liabilities as of December 31, 2023 were as follows (in thousands):

2024	$	9,767
2025	8,735
2026	8,735
2027	7,571
2028	6,688
Thereafter	21,482
Total	62,978
Less: imputed interest	(12,107)
Total operating lease liabilities	$	50,871