Leases (Tables)

3 Months Ended

Mar. 31, 2022

Maturities of the Company’s operating lease liabilities as of March 31, 2022 are as follows:

Maturity of Lease Liabilities	Operating
(in thousands)	Leases
Remainder of 2022	$	20,368
2023		28,273
2024		22,827
2025		21,628
2026		19,864
Thereafter		73,499
Total lease payments	$	186,459
Less: Interest		(23,538	)
Present value of lease liabilities	$	162,921

Other accrued liabilities	$	23,026
Long-term operating lease liabilities	$	139,895

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

	As of
	March 31,			December 31,
Lease Term and Discount Rate	2022			2021
Weighted-average remaining lease term (years)		8.10			8.16
Weighted-average discount rate		3.14	%		3.09	%

Other information related to the Company’s operating leases are as follows:

	Three Months Ended
Other Information	March 31,
(in thousands)	2022		2021
Operating cash flows used for operating leases	$	7,152	$	7,632
Right of use assets obtained in exchange for new operating lease liabilities	$	-	$	4,144