Quarterly report pursuant to Section 13 or 15(d)

Right-of-Use Assets and Lease Liabilities (Tables)

v3.23.1
Right-of-Use Assets and Lease Liabilities (Tables)
 3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Assets And Liabilities, Lessee
The Company’s operating leases were as follows:
March 31, 2023 December 31, 2022
(in thousands)
Right-of-use assets, net (1)
$ 6,921  $ 8,423 
Current operating lease liabilities (2)
$ 5,752  $ 5,509 
Operating lease liabilities, long-term (2)
9,357  10,055 
Total operating lease liabilities $ 15,109  $ 15,564 
(1)Includes impact of accelerated expense on abandoned right-of-use assets related to the global restructuring plan, see Note 18 — Restructuring and Related Charges for additional information.
(2)Current and long-term operating lease liabilities are recorded in accrued expenses and other current liabilities, and other non-current liabilities, respectively, on the Company’s condensed consolidated balance sheets.
Lease, Cost
Supplemental cash flow information related to leases was as follows:
Three Months Ended March 31,
2023 2022
(in thousands)
Cash paid for amounts included in measurement of operating lease liabilities $ 1,549  $ 1,301 
ROU assets obtained in exchange for operating lease liabilities $ 824  $ 10,445 
The weighted average remaining lease term and weighted average discount rate for the Company’s operating leases were as follows:
Three Months Ended March 31,
2023 2022
Weighted average remaining lease term (in years) 3.92 4.60
Weighted average discount rate 4.9  % 4.6  %