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Leases (Tables)

6 Months Ended

Jun. 30, 2023

Lessee Disclosure [Abstract]

Summary of lease cost for operating and finance leases

Lease cost for operating and finance leases for the three and six months ended June 30, 2023 and 2022 were as follows:


		Three Months Ended June 30,						Six Months Ended June 30,
		2023			2022			2023			2022
Operating lease cost		$	11,821		$	10,168		$	22,967		$	20,992
Finance lease cost:
Amortization of leased assets			682			590			1,365			1,120
Interest on leased liabilities			51			53			105			101
Total lease cost		$	12,554		$	10,811		$	24,437		$	22,213

Supplemental cash flow information and non-cash activity related to the Company’s leases are as follows:


		Six Months Ended June 30,
		2023				2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		$	22,668		$	20,877
Operating cash flows from finance leases		$	105		$	101
Financing cash flows from finance leases		$	6,908		$	4,225
Non-cash activity:
Right-of-use assets obtained in exchange for lease liabilities - operating leases		$	74,605		$	21,928
Right-of-use assets obtained in exchange for lease liabilities - finance leases		$	398		$	1,340

Weighted-average remaining lease term and discount rate for the Company’s leases are as follows:


		Six Months Ended June 30,
		2023			2022
Weighted average remaining lease term - operating leases		10.3	years		8.6	years
Weighted average remaining lease term - finance leases		3.7	years		4.8	years
Weighted average discount rate - operating leases		3.75	%		3.23	%
Weighted average discount rate - finance leases		1.96	%		1.92	%

Summary of future minimum lease payments, operating leases

As of June 30, 2023, future minimum lease payments, reconciled to the respective lease liabilities, are as follows:


			Operating Leases			Finance Leases
Last 6 months of 2023		$	22,155		$	1,513
2024			37,684			2,978
2025			32,283			2,978
2026			30,014			2,392
2027			29,019			970
Thereafter			167,823			48
Minimum lease payments			318,978			10,879
Less: imputed interest			(61,665)			(365)
Present value of minimum lease payments			257,313			10,514
Less: current portion of lease liabilities			(32,747)			(2,791)
Long-term portion of lease liabilities		$	224,566		$	7,723