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Operating Leases
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Operating Leases Operating Leases
Lease costs recorded under operating leases as of December 31, 2022 and 2021 were as follows:
Year ended
December 31, 2022December 31, 2021
(in thousands)
Operating lease costs$53,880 $51,200 
Income from sub-leases(1,165)(1,338)
Net operating lease costs$52,715 $49,862 
Of the total cost of $52.7 million incurred in the year ended December 31, 2022, $48.3 million is recorded within selling, general and administration costs and $4.4 million is recorded within direct costs. Of the total cost of $49.9 million incurred in the year ended December 31, 2021, $47.5 million is recorded within selling, general and administration costs and $2.4 million is recorded within direct costs.
Right-of-use assets obtained, in exchange for lease obligations, net of early termination options now reasonably certain to be exercised, during the years ended December 31, 2022 and December 31, 2021 totaled $28.7 million and $10.2 million, respectively.
During the years ended December 31, 2022 and December 31, 2021, impairments of operating right-of-use assets were recognized within restructuring charges for $24.8 million and $15.4 million, respectively, as part of an office consolidation program (see note 19 - Restructuring Charges).
The weighted average remaining lease term and weighted-average discount rate at December 31, 2022 were 6.90 years and 2.45%, respectively. The weighted average remaining lease term and weighted-average discount rate at December 31, 2021 were 6.91 years and 2.51%, respectively.
Future minimum lease payments under non-cancelable leases as of December 31, 2022 were as follows:
Minimum rental
payments
(in thousands)
2023$47,479 
202434,400 
202525,045 
202620,430 
202717,249 
Thereafter45,065 
Total future minimum lease payments 189,668 
Lease imputed interest(14,367)
Total$175,301 
Operating lease liabilities are presented as current and non-current. Operating lease liabilities of $43.7 million and $49.9 million have been included in other liabilities as at December 31, 2022 and December 31, 2021, respectively.