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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Summary of Components of Lease Expense

The components of lease expense were as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Finance lease cost:

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of right of use assets

 

$

2,705

 

 

$

2,683

 

 

$

2,676

 

Interest on lease liabilities

 

 

2,017

 

 

 

2,076

 

 

 

2,131

 

Operating lease cost

 

 

11,526

 

 

 

8,943

 

 

 

8,045

 

Short-term lease cost

 

 

674

 

 

 

47

 

 

 

1,643

 

Variable lease cost

 

 

5,667

 

 

 

4,370

 

 

 

4,410

 

Total lease cost

 

$

22,589

 

 

$

18,119

 

 

$

18,905

 

Summary of Supplemental Information Related to Leases

Supplemental information related to leases is as follows (in thousands):

 

 

 

December 31,

 

 

 

2022

 

 

2021

 

Operating Leases

 

 

 

 

 

 

 

 

Operating right of use assets

 

$

41,934

 

 

$

44,052

 

Amount included within other current

   liabilities

 

 

8,801

 

 

 

6,158

 

Operating lease liabilities, non-current

 

 

38,087

 

 

 

41,573

 

Total operating lease liabilities

 

$

46,888

 

 

$

47,731

 

Finance Leases

 

 

 

 

 

 

 

 

Finance right of use assets

 

$

37,026

 

 

$

39,623

 

Amount included within other current

   liabilities

 

 

1,854

 

 

 

1,684

 

Finance lease liabilities, non-current

 

 

45,578

 

 

 

47,344

 

Total finance lease liabilities

 

$

47,432

 

 

$

49,028

 

Summary of Weighed Average Remaining Lease Term and Discount Rates

 

 

December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Weighted-average remaining lease term (in years)

 

 

 

 

 

 

 

 

 

 

 

 

Finance leases

 

 

14.2

 

 

 

15.2

 

 

 

16.2

 

Operating leases

 

 

6.6

 

 

 

7.8

 

 

 

8.7

 

Weighted-average discount rate

 

 

 

 

 

 

 

 

 

 

 

 

Finance leases

 

 

4.20

%

 

 

4.20

%

 

 

4.20

%

Operating leases

 

 

2.89

%

 

 

2.76

%

 

 

2.86

%

 

 

Summary of Maturities of Lease Payments for Leases

Maturities of lease payments for leases where the lease commencement date commenced on or prior to December 31, 2022 are as follows (in thousands):

 

Years Ending December 31,

 

Operating

 

 

Finance

 

 

Total

 

2023

 

$

9,900

 

 

$

3,806

 

 

$

13,706

 

2024

 

 

8,138

 

 

 

3,886

 

 

 

12,024

 

2025

 

 

7,226

 

 

 

4,007

 

 

 

11,233

 

2026

 

 

6,808

 

 

 

4,120

 

 

 

10,928

 

2027

 

 

5,198

 

 

 

4,282

 

 

 

9,480

 

Thereafter

 

 

14,384

 

 

 

43,959

 

 

 

58,343

 

Total lease payments

 

$

51,654

 

 

$

64,060

 

 

$

115,714

 

Less imputed interest

 

 

(4,766

)

 

 

(16,628

)

 

 

(21,394

)

Total

 

$

46,888

 

 

$

47,432

 

 

$

94,320