Leases

12 Months Ended

Dec. 31, 2023

We lease office facilities under noncancelable operating lease agreements. During the periods from January 1, 2022 through January 26, 2022 (Predecessor), from January 27, 2022 through December 31, 2022 (Successor), and the year ended December 31, 2023 (Successor), we had leases for office facilities in Marina del Rey, California; Bellevue, Washington; and Guelph, Canada.

The components of lease expense were as follows (in thousands):


	Successor				Predecessor
	Year Ended December 31, 2023		Period from January 27, 2022 through December 31, 2022		Period from January 1, 2022 through January 26, 2022
Operating lease expense	$	2,141	$	1,923	$	142
Short-term lease expense	122		130		12
Variable lease expense	311		310		—
Total lease expense	$	2,574	$	2,363	$	154

Variable lease expense is primarily attributable to amounts paid to lessors for common area maintenance and utility charges under our real estate leases.

Supplemental information related to leases was as follows:


			Successor
			As of December 31, 2023
Weighted average remaining lease terms (in years)			6.4
Weighted average discount rate			5.2%

Maturities of lease liabilities by fiscal year for our operating leases are as follows:


	Successor
	As of December 31, 2023
2024	$	2,589
2025	2,244
2026	278
2027	282
2028	282
Thereafter	980
Total lease payments	6,655
Less: Imputed interest	(740)
Present value of operating lease liabilities	$	5,915