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LEASES (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Summary of Lease Costs Recognized Under Topic 842 and Other Information Pertaining to Operating Leases The following table contains a summary of the lease costs recognized and other information pertaining to the Company’s operating leases for the periods indicated:

 

 

 

For the Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Lease cost

 

 

 

 

 

 

Operating lease cost

 

$

18,184

 

 

$

28,737

 

Variable lease cost

 

 

35,505

 

 

 

18,742

 

Total lease cost

 

$

53,689

 

 

$

47,479

 

 

 

 

 

 

 

 

Other information

 

 

 

 

 

 

Operating lease payments

 

$

20,778

 

 

$

24,449

 

Operating lease liabilities arising from obtaining ROU assets

 

$

40,006

 

 

$

13,225

 

Weighted average remaining lease term

 

6.4 years

 

 

3.5 years

 

Weighted average discount rate

 

 

8.3

%

 

 

7.6

%

 

 

Summary of Maturities of Lease Liabilities and Reconciliation of Lease Liabilities Recognized Under Topic 842

The following table summarizes maturities of lease liabilities and the reconciliation of lease liabilities as of December 31, 2022:

 

 

 

For the Year Ended
December 31, 2022

 

 

 

(in thousands)

 

2023

 

$

21,046

 

2024

 

 

20,754

 

2025

 

 

15,324

 

2026

 

 

8,423

 

2027

 

 

8,518

 

Thereafter

 

 

27,633

 

Total minimum lease payments

 

 

101,698

 

Less: imputed interest

 

 

(28,631

)

Total operating lease liabilities

 

$

73,067

 

Included in the consolidated balance sheet:

 

 

 

Current portion of lease liabilities within other current liabilities

 

$

15,489

 

Lease liabilities, non-current

 

 

57,578

 

Total operating lease liabilities

 

$

73,067