The Company leases certain real estate for its primary facilities under operating leases that expire at various dates between one and five years. These leases contain renewal options, and require the Company to pay operating costs, including property taxes, insurance, and maintenance. The terms of these lease agreements include free rent periods and annual rent increases. Operating lease expense is recognized on a straight-line basis over the term of the lease. There were no finance lease obligations as of December 31, 2023 and 2022.

ROU assets are included in Other assets and operating lease liabilities are included in Other liabilities.


(amounts in thousands)	2023			2022
ROU assets	$	3,422		$	2,789
Operating lease liabilities		3,551			3,149
Weighted-average remaining lease terms	2.63 years			2.12 years
Weighted-average discount rate		6.4	%		4.5	%

Supplemental cash flow information related to leases was as follows:


(amounts in thousands)	2023		2022
Cash paid for amounts included in the measurement of operating lease liabilities	$	2,067	$	2,627
ROU assets obtained in exchange for operating lease liabilities		2,322		1,188

Future minimum lease payments as of December 31, 2023, were as follows (in thousands):


Years Ending December 31,
2024	$	1,643
2025		1,202
2026		676
2027		319
2028		—
Thereafter		—
Total undiscounted lease payments	$	3,840
Less - present value discount		320
Lease liability, at present value	$	3,520

Future minimum lease payments as of December 31, 2022 were as follows (in thousands):


Years Ending December 31,
2023	$	1,910
2024		879
2025		449
2026		60
2027		—
Thereafter		—
Total undiscounted lease payments	$	3,298
Less - present value discount		149
Lease liability, at present value	$	3,149

The components of operating lease expense during the year ended December 31, 2023 and 2022 are shown on the table below (in thousands), while rent expense for the year ended December 31, 2021 was $2.2 million.


(amounts in thousands)	2023		2022
Operating lease expense	$	1,691	$	1,615
Short-term lease expense		159		473
Variable lease expense		237		218
Total operating lease expense	$	2,087	$	2,306