| LEASES |
8. LEASES
The right-of-use assets and corresponding liabilities related to the Company's operating leases were as follows:
| | | | | | | | | | | | | | June 30,
2025 | | December 31,
2024 | Operating leases right-of-use assets, net | $ | 30,667 | | | $ | 34,453 | | | | | | | Current maturities of operating lease liability | $ | 7,002 | | | $ | 7,398 | | | Operating lease liability, net of current maturities | 26,188 | | | 29,633 | | | Total lease liability | $ | 33,190 | | | $ | 37,031 | |
The weighted-average remaining lease terms and weighted-average discount rates for operating leases were as follows:
| | | | | | | | | | | | | June 30, | | | 2025 | | 2024 | | Weighted average remaining lease term | 5.2 years | | 5.8 years | | Weighted average discount rate | 6.2 | % | | 6.2 | % |
The components of lease costs were as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | | Operating lease costs | $ | 2,305 | | | $ | 2,531 | | | $ | 4,597 | | | $ | 5,094 | | | Variable lease costs | 1,011 | | | 351 | | | 1,164 | | | 1,015 | | | Short-term lease costs | 98 | | | 108 | | | 186 | | | 193 | | | Sublease income | (401) | | | (278) | | | (781) | | | (550) | | | Total operating lease costs | $ | 3,013 | | | $ | 2,712 | | | $ | 5,166 | | | $ | 5,752 | |
Future maturities of the Company's operating lease liabilities and receipts from subleases as of June 30, 2025 were as follows:
| | | | | | | | | | | | | Lease Payments | | Sublease Receipts | | 2025 (remainder of the year) | $ | 4,502 | | | $ | (619) | | | 2026 | 8,158 | | | (1,351) | | | 2027 | 6,519 | | | (1,391) | | | 2028 | 6,022 | | | (1,432) | | | 2029 | 5,425 | | | (1,474) | | | Thereafter | 8,170 | | | (1,882) | | | Total lease payments (receipts) | $ | 38,796 | | | $ | (8,149) | | | Less: imputed interest | (5,606) | | | | Operating lease liability as of June 30, 2025 | $ | 33,190 | | | |
Supplemental and other information related to leases was as follows:
| | | | | | | | | | | | | Six Months Ended June 30, | | 2025 | | 2024 | | Cash paid for amounts included in the measurement of lease liabilities: | | | | | Operating cash flow from operating leases | $ | 4,698 | | | $ | 5,097 | |
|