Quarterly report pursuant to Section 13 or 15(d)

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

v3.23.3
Right-of-Use Assets and Lease Liabilities (Tables)
 9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Schedule of Operating Leases
The Company’s operating leases were as follows:
September 30, 2023 December 31, 2022
(in thousands)
Right-of-use assets, net (1)
$ 6,352  $ 8,423 
Current operating lease liabilities (2)
$ 4,316  $ 5,509 
Operating lease liabilities, long-term (2)
9,313  10,055 
Total operating lease liabilities $ 13,629  $ 15,564 

(1)Includes impact of accelerated expense on abandoned right-of-use assets related to the global restructuring plan, see Note 21 — 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.
Schedule of Supplemental Cash Flow Information and Weighted Average remaining Lease Term and Weighted Average Discount Rate
Supplemental cash flow information related to leases was as follows:
Nine Months Ended
September 30,
2023 2022
(in thousands)
Cash paid for amounts included in measurement of operating lease liabilities $ 4,641  $ 4,193 
ROU assets obtained in exchange for operating lease liabilities $ 897  $ 10,896 
The weighted average remaining lease term and weighted average discount rate for the Company’s operating leases were as follows:
September 30,
2023 2022
Weighted average remaining lease term (in years) 4.12 4.22
Weighted average discount rate 5.3  % 4.6  %