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Leases
3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Leases Leases
The Company’s headquarters are located in Santa Clara, California, where the Company has an operating lease covering its corporate office expiring in March of 2025. The Company also has operating leases in Duluth, Georgia, and abroad, in Japan, France, China, the United Kingdom, Taiwan, Singapore, and Korea, among other countries. The expiration dates for these operating leases range from 2024 through 2029. As of March 31, 2024 and December 31, 2023, the Company’s operating lease right-of-use assets and operating lease liabilities were as follows:
March 31,December 31,
20242023
(in thousands)
Operating lease right-of-use assets, net$2,157 $1,963 
Operating lease liabilities, current817 735 
Operating lease liabilities, non-current$1,320 $1,198 
The components of operating lease cost during the periods presented were as follows:
Three Months Ended March 31,
20242023
(in thousands)
Operating lease cost$230 $256 
Variable lease cost(1)
60 24 
Total operating lease cost
$290 $280 
(1)Variable lease cost includes common area maintenance, utilities, security, insurance and property taxes.
Additional information related to the Company’s operating leases for the three months ended March 31, 2024 and 2023 was as follows:
Three Months Ended March 31,
20242023
(in thousands)
Cash paid for operating lease liabilities$222 $256 
Right-of-use assets obtained in exchange for lease obligations$567 $— 
Weighted average remaining lease term (in years)3.854.47
Weighted average discount rate3.83 %4.13 %
As of March 31, 2024 maturities of operating lease liabilities were as follows:
Year Ending December 31,Amount
(in thousands)
Remainder of 2024$622 
2025652 
2026382 
2027219 
2028194 
Thereafter194 
Total lease payments$2,263 
Less: imputed interest(126)
Total operating lease liabilities
$2,137 
Current portion of lease liability
$817 
Non-current portion of lease liability
$1,320 
The Company recorded rent expense of $0.3 million during each of the three months ended March 31, 2024 and 2023