LEASES (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Summary of Components of Lease Expense

For the three months ended March 31, 2024, the components of the Company’s lease expense were as follows (in thousands):

	Three months ended March 31, 2024		Three months ended March 31, 2023
Operating Lease Cost	$	1,482	$	1,518
Short-term Lease Cost		35		30
Variable Lease Cost		88		84
Sublease Income		—		(46	)
Total Lease Cost	$	1,605	$	1,586

Summary of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows (in thousands):

	Three months ended March 31, 2024
Weighted-average remaining lease term (in years)		6.45
Weighted average discount rate		5.86	%

	Three months ended
	March 31, 2024
Cash paid for amounts included in the measurement of lease liabilities		1,350

Summary of Future Undiscounted Cash Flows

Future undiscounted cash flows for each of the next five years and thereafter and reconciliation to the lease liabilities recognized on the unaudited condensed consolidated balance sheet as of March 31, 2024 were as follows (in thousands):

2024	$	3,759
2025		4,244
2026		3,719
2027		2,540
2028		1,978
Thereafter		5,677
Total lease payments	$	21,917
Less: imputed interest		(3,550	)
Present value of lease liabilities	$	18,367