Quarterly report pursuant to Section 13 or 15(d)

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

v3.23.2
Right-of-Use Assets and Lease Liabilities (Tables)
 6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Assets and Liabilities, Lessee
The Company’s operating leases were as follows:
June 30, 2023 December 31, 2022
(in thousands)
Right-of-use assets, net (1)
$ 5,368  $ 8,423 
Current operating lease liabilities (2)
$ 5,014  $ 5,509 
Operating lease liabilities, long-term (2)
8,265  10,055 
Total operating lease liabilities $ 13,279  $ 15,564 
(1)Includes impact of accelerated expense on abandoned right-of-use assets related to the global restructuring plan, see Note 19 — 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:
Six Months Ended
June 30,
2023 2022
(in thousands)
Cash paid for amounts included in measurement of operating lease liabilities $ 3,104  $ 2,697 
ROU assets obtained in exchange for operating lease liabilities $ 897  $ 11,150 
The weighted average remaining lease term and weighted average discount rate for the Company’s operating leases were as follows:
June 30,
2023 2022
Weighted average remaining lease term (in years) 3.94 4.34
Weighted average discount rate 4.9  % 4.6  %