Lease Obligations |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lease Obligations | Lease Obligations Operating lease expense was $5.7 million and $6.5 million for the three months ended March 31, 2024 and 2023, respectively, and variable lease expense was $0.9 million during each of the three months ended March 31, 2024 and 2023. The Company also received rental income of $1.3 million and $1.3 million for real estate leases for which it subleases the property to third parties during the three months ended March 31, 2024 and 2023, respectively. As of March 31, 2024 and December 31, 2023, a weighted average discount rate of 6.21% and 6.19%, respectively, has been applied to the remaining lease payments to calculate the lease liabilities included within the condensed consolidated balance sheet. The lease terms of the Company’s operating leases generally range from one year to ten years, and the weighted average remaining lease term of leases included in the lease liability is 5.0 years and 5.2 years as of March 31, 2024 and December 31, 2023, respectively. The maturity of the Company's lease liabilities associated with leases included in the lease liability and ROU asset were as follows as of March 31, 2024 (in thousands):
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