Note 10 - Leases

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

We have operating leases for corporate offices, sales offices, research and development facilities, storage facilities, and a data center, all of which are leased under operating leases that expire at various times through 2028. Our leases have remaining lease terms of 1 to 6 years, some of which include options to extend for up to 5 years, and some of which include options to terminate within 1 year. The weighted-average remaining lease term was 3.5 years and the weighted-average discount rate was 5.4% as of December 31, 2022. We recorded fixed operating lease expense of $7.6 million, $7.9 million, and $7.6 million, respectively, for fiscal 2022, 2021, and 2020.

The following table presents the lease balance classifications within the Consolidated Balance Sheets and summarizes their activity during fiscal 2022:

Operating lease right-of-use assets	(In thousands)
Balance as of January 1, 2022	$	23,818
Right-of-use assets obtained for new lease contracts during the period		2,134
Amortization of right-of-use assets during the period		(6,512	)
Impairment of right-of use asset during the period (recorded in Restructuring charges)		(1,149	)
Adjustments for present value and foreign currency effects		(701	)
Balance as of December 31, 2022	$	17,590

Operating lease liabilities	(In thousands)
Balance as of January 1, 2022	$	24,944
Lease liabilities incurred for new lease contracts during the period		2,134
Accretion of lease liabilities		1,087
Operating cash used by payments on lease liabilities		(7,419	)
Adjustments for present value and foreign currency effects		(674	)
Balance as of December 31, 2022		20,072
Less: Current portion of operating lease liabilities (included in Accrued liabilities)		(6,454	)
Long-term operating lease liabilities, net of current portion	$	13,618

Lease obligations for facilities restructured prior to the adoption of Topic 842 totaled approximately $5.9 million at December 31, 2022 and continued to be recorded in Other long-term liabilities on our Consolidated Balance Sheets.

Maturities of operating lease liabilities as of December 31, 2022 are as follows:

Fiscal year	(In thousands)
2023		7,536
2024		6,042
2025		4,140
2026		2,522
2027		1,110
Thereafter		934
Total lease payments		22,284
Less: amount representing interest		(2,212	)
Total lease liabilities	$	20,072