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LEASES
 3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
LEASES LEASES
The Company leases facilities under operating leases with various expiration dates through 2032. The Company leases office space in New York, Israel and several other locations.
The security deposits for the leases are $4.6 million and $4.8 million as of March 31, 2024 and December 31, 2023, respectively, which have been recognized as restricted cash, non-current in the consolidated balance sheets.
The Company’s operating lease expense consists of rent and variable lease payments. Variable lease payments such as common area maintenance were included in operating expenses. Rent expense for the Company’s short-term leases was immaterial for the periods presented. Operating lease expense was as follows (in thousands):
Three Months Ended March 31,
20242023
Rent expense$2,909$3,440
Variable lease payments$94$143
Sublease income$1,005$1,054

Maturities of the Company’s operating lease liabilities as of March 31, 2024 were as follows (in thousands):

2024$7,206 
20258,635 
20268,635 
20277,471 
20286,590 
Thereafter21,167 
Total59,704 
Less: imputed interest(11,203)
Total operating lease liabilities$48,501