LEASES (Tables)

6 Months Ended

Jun. 30, 2024

Leases [Abstract]

Summary of Components of Lease Expense

For the three and six months ended June 30, 2024, the components of the Company’s lease expense were as follows (in thousands):

	Three months ended June 30. 2024		Three months ended June 30. 2023
Operating Lease Cost	$	1,588	$	1,532
Short-term Lease Cost		35		33
Variable Lease Cost		74		81
Sublease Income		—		(30	)
Total Lease Cost	$	1,697	$	1,616

	Six months ended June 30, 2024		Six months ended June 30, 2023
Operating Lease Cost	$	3,041	$	3,050
Short-term Lease Cost		70		63
Variable Lease Cost		162		165
Sublease Income		—		(76	)
Total Lease Cost	$	3,273	$	3,202

Summary of Supplemental Balance Sheet Information Related to Leases

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

	Six months ended June 30, 2024
Weighted-average remaining lease term (in years)		7.19
Weighted average discount rate		7.35	%

	Six months ended
	June 30, 2024
Cash paid for amounts included in the measurement of lease liabilities		2,981

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 June 30, 2024 were as follows (in thousands):

2024	$	2,874
2025		5,007
2026		4,477
2027		3,263
2028		2,686
Thereafter		9,636
Total lease payments	$	27,943
Less: imputed interest		(5,996	)
Present value of lease liabilities	$	21,947