The Company has operating leases for offices, vehicles, and office equipment. Leases with a term of 12 months or less are not recorded on the consolidated balance sheets, and are expensed on a straight-line basis over the lease term.

Right-of-use (“ROU”) assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at the commencement date. The Company’s lease payments are typically fixed or contain fixed escalators. The Company’s leases typically include certain lock-in periods and renewal options to extend the lease, but when determining the lease term, the Company does not consider options to extend a lease it is not reasonably certain to exercise. The Company elected the practical expedient to not separate the lease and non-lease components of its leases and currently has no leases with options to purchase the leased property.

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


	Years Ended December 31,
		2023		2024
Operating lease cost		$	2,503	$	2,315
Short-term lease cost			387		301
Variable lease costs			726		733
Total lease expense		$	3,616	$	3,349

Supplemental balance sheet information related to leases were as follows (in thousands, except lease term and discount rate):


	Balance Sheet Caption	December 31, 2023			December 31, 2024

Operating leases:
Operating lease assets	Operating lease assets	$	7,894		$	6,254
Current lease liabilities	Other current liabilities	$	1,531		$	1,232
Noncurrent lease liabilities	Noncurrent operating lease liabilities	$	6,595		$	8,942
Weighted average remaining lease term (years):
Operating leases			7.99			9.69
Weighted average discount rate:
Operating leases			6.87	%		7.03	%

For the year ended December 31, 2024, as part of the Company's impairment review of its long-lived assets (refer to Note 5 - Goodwill and intangible assets for more information), the Company recorded an impairment of its right-of-use operating lease assets of $0.1 million as of September 30, 2024. For the year ended December 31, 2023, there was no impairment of the right-of-use operating lease assets.

Supplemental cash flow information related to leases were as follows (in thousands):


	Years Ended December 31,
	2023		2024

Cash paid for amounts included in the measurement of lease liabilities	$	2,484	$	1,923
Right-of-use assets obtained on operating lease commencements	$	6,027	$	115

The Company’s current lease terms range from one to thirteen years and may include options to extend the lease by one to five years.

Remaining maturities on lease liabilities at December 31, 2024 is as follows (in thousands):


	Operating leases
2025		1,893
2026		1,374
2027		1,398
2028		1,280
2029		990
Thereafter		7,735
Total lease payments		14,670
Less: interest		(4,496	)
Present value of lease liabilities	$	10,174