LEASES (Tables)

3 Months Ended

Mar. 31, 2023

LEASES [Abstract]

Components of Lease Expense

For the three months ended March 31, 2023, and 2022, the components of lease expense were as follows (in thousands):

	Three Months Ended
	March 31, 2023		March 31, 2022
Operating lease cost	$	9,365	$	8,404
Short-term lease cost		274		321
Variable lease cost		2,132		1,932
Total lease cost *	$	11,771	$	10,657

* Sublease income was immaterial

Supplemental Information Related to Leases

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

	Three Months Ended
	March 31, 2023		March 31, 2022
Cash paid for amounts included in the measurement of operating lease liabilities	$	9,646	$	8,617
Right-of-use assets obtained in exchange for new operating lease liabilities	$	6,281	$	6,011

Future Lease Payments for Operating Leases

The aggregate future lease payments for operating leases as of March 31, 2023 were as follows (in thousands):

Fiscal Year	Amount
2023	$	27,967
2024		31,548
2025		23,584
2026		16,065
2027 and therafter		16,836
Total lease payments	$	116,000
Less: imputed  interest		6,890
Total operating lease liabilities	$	109,110

Average Lease Terms and Discount Rates

Average lease terms and discount rates were as follows:

	Three Months Ended
	March 31, 2023		March 31, 2022
Weighted-average remaining lease term - Operating leases	4.0 Years		4.1 Years
Weighted-average discount rate - Operating leases		3.1%		2.7%