Note 14. Leases

Rent expense under the Company’s operating lease agreements was $1.9 million and $2.5 million for the three months ended September 30, 2023 and 2022. For the nine months ended September 30, 2023 and 2022, rent expense was $6.0 million and $5.1 million. There were not any financing, variable, or short term leases during the nine months ended September 30, 2023 and 2022. The Company exited certain leased facilities during fiscal year 2023 and is in the process of seeking subleases for those properties. The Company recorded a non-cash, pre-tax impairment of $4.0 million related to the operating lease right-of-use (“ROU”) asset recorded for 480 Pleasant Street in the second quarter of 2023. See Note 2 for additional information on the impairment. Future minimum lease payments under these agreements are as follows as of September 30, 2023: