XML 42 R17.htm IDEA: XBRL DOCUMENT
v3.22.4

Leases | 12 Months Ended
--- | ---
Dec. 31, 2022
Leases [Abstract] |
Leases | Leases We have operating leases for offices which have remaining lease terms of up to nine years, some of which include options to extend the lease with renewal terms from one to five years. Some leases include an option to terminate the lease for up to five years from the lease commencement date. Components of lease expense were as follows (in thousands):
| Year Ended
| December 31, 2022 |  | December 31, 2021
Operating lease expense | $ | 31,707 |  |  | $ | 29,153 |
Short-term lease expense | 1,317 |  |  | 728 |
Variable lease expense | 5,528 |  |  | 5,048 |
Sublease income | (221) |  |  | (325) |
Total lease expense | $ | 38,331 |  |  | $ | 34,604 |
Supplemental balance sheet information related to leases was as follows (in thousands, except weighted-average figures):
|  |  | As of
| Classification |  | December 31, 2022 |  | December 31, 2021
Operating lease assets | Other assets |  | $ | 120,535 |  |  | $ | 98,393 |
Current operating lease liabilities | Accrued expenses and other |  | $ | 34,469 |  |  | $ | 23,729 |
Long-term operating lease liabilities | Other long-term liabilities |  | 107,776 |  |  | 92,539 |
Total operating lease liabilities |  |  | $ | 142,245 |  |  | $ | 116,268 |
As of December 31, 2022, our operating leases had a weighted-average remaining lease term of 5.0 years and a weighted-average discount rate of 4.0%. As of December 31, 2021, our operating leases had a weighted-average remaining lease term of 5.9 years and a weighted-average discount rate of 4.3%. As of December 31, 2022, our lease liabilities were as follows (in thousands):
| Operating Leases (1) |  |
Gross lease liabilities | $ | 157,097 |  |  |
Less: imputed interest | (14,852) |  |  |
Present value of lease liabilities | $ | 142,245 |  |  |
(1) Excludes future minimum payments for leases which have not yet commenced as of December 31, 2022. As of December 31, 2022, we had entered into leases that have not yet commenced with future minimum lease payments of $40.1 million that are not yet reflected on our consolidated balance sheets. These operating leases will commence in 2023 with lease terms of approximately five to ten years.

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration