Annual report pursuant to Section 13 and 15(d)

Leases

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Leases
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Leases Leases
Our operating lease cost was as follows for the years ended December 31, (in thousands):
2023 2022 2021
Operating lease cost (a)
$ 6,480  $ 2,714  $ 1,731 
(a) Excludes short-term lease expense, which is not material.
Our lease arrangements do not contain any material residual guarantees, variable payment provisions, or restrictive covenants.
The table below summarizes future minimum lease payments under operating leases, recorded on the balance sheet, as of December 31, 2023 (in thousands):
Year ending December 31,
2024 $ 6,555 
2025 6,959 
2026 6,079 
2027 5,119 
2028 4,612 
Thereafter 6,448 
Minimum lease payments 35,772 
Less: imputed interest (5,856)
Present value of minimum lease payments 29,916 
Less: current portion of lease liabilities (a)
(4,957)
Long-term lease liabilities $ 24,959 
(a) The current portion of lease liabilities are presented within accrued expenses and other current liabilities on our consolidated balance sheets. Refer to Note (9) "Accrued Expenses and Other Current Liabilities."
Other supplemental operating lease information for the year ended December 31, was as follows (in thousands):
2023 2022 2021
Cash paid for amounts included in the measurement of operating lease liabilities $ 5,045  $ 2,441  $ 1,474 
Right-of-use assets obtained in exchange for new operating lease liabilities $ 11,812  $ 11,876  $ 8,182 

The weighted-average discount rate was 5.9% and 5.4% and the weighted-average remaining lease term was 5.7 years and 6.0 years as of December 31, 2023, and 2022, respectively.