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v3.23.1

Leases (Tables) | 3 Months Ended
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Mar. 31, 2023
Leases [Abstract] |
Summary of Lease Costs | The components of lease costs for the three months ended March 31, 2023 and March 31, 2022 are as follows (in thousands):
|  | Three Months Ended |
|  | March 31, 2023 |  |  | March 31, 2022 |
Operating lease cost |  | $ | 16,625 |  |  | $ | 16,176 |
Short-term lease cost |  |  | 3,663 |  |  |  | 3,480 |
Amortization of right-of-use assets |  |  | 516 |  |  |  | 548 |
Interest on lease liabilities |  |  | 33 |  |  |  | 21 |
Sublease income |  |  | (1,124 | ) |  |  | (1,035 | )
Total lease cost |  | $ | 19,713 |  |  | $ | 19,190 |
Schedule of Supplemental Cash Flow Information Related to Leases | Supplemental cash flow information related to leases for the three months ended March 31, 2023 and March 31, 2022 is as follows (in thousands):
|  | Three Months Ended |
|  | March 31, 2023 |  |  | March 31, 2022 |
Operating cash flows for operating leases |  | $ | 17,785 |  |  | $ | 17,506 |
Operating cash flows for finance leases |  |  | 33 |  |  |  | 21 |
Financing cash flows from finance leases |  |  | 516 |  |  |  | 511 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  |  | 4,707 |  |  |  | 2,304 |
Right-of-use assets obtained in exchange for new finance lease liabilities |  | $ | 1,228 |  |  | $ | - |
Schedule of Supplemental Balance Sheet and Other Information Related to Leases | Supplemental balance sheet and other information related to leases as of March 31, 2023 and December 31, 2022 are as follows (in thousands):
|  | March 31, 2023 |  |  | December 31, 2022 |
Operating Leases: |  |  |  |  |  |
Right-of-use assets |  | $ | 148,095 |  |  | $ | 155,090 |
Lease liabilities: |  |  |  |  |  |
Current |  | $ | 55,606 |  |  | $ | 59,144 |
Long-term |  |  | 107,482 |  |  |  | 111,417 |
Total operating lease liabilities |  | $ | 163,088 |  |  | $ | 170,561 |
Finance Leases: |  |  |  |  |  |
Other noncurrent assets |  | $ | 4,677 |  |  | $ | 3,965 |
Accrued expenses and other current liabilities |  | $ | 1,866 |  |  | $ | 1,746 |
Other long-term liabilities |  | $ | 2,814 |  |  | $ | 2,246 |
Weighted Average Remaining Lease Term: |  |  |  |  |  |
Operating leases |  | 3.5 Year |  |  | 3.6 years |
Finance leases |  | 2.8 Years |  |  | 2.6 years |
Weighted Average Discount Rate: |  |  |  |  |  |
Operating leases |  |  | 3.5 | % |  |  | 3.4 | %
Finance leases |  |  | 3.5 | % |  |  | 2.8 | %
Schedule of Maturity Analysis of Future Undiscounted Cash Flows | A maturity analysis of the future undiscounted cash flows associated with the Company’s operating and finance lease liabilities as of March 31, 2023 is as follows (in thousands):
|  | Operating Leases |  |  | Finance Leases |
2023 (remaining) |  | $ | 47,319 |  |  | $ | 1,559 |
2024 |  |  | 47,657 |  |  |  | 1,620 |
2025 |  |  | 36,241 |  |  |  | 1,159 |
2026 |  |  | 21,466 |  |  |  | 542 |
2027 |  |  | 9,869 |  |  |  | 45 |
Thereafter |  |  | 11,958 |  |  |  | - |
Total lease payments |  |  | 174,510 |  |  |  | 4,925 |
Less: imputed interest |  |  | (11,422 | ) |  |  | (245 | )
Total present value of lease liabilities |  | $ | 163,088 |  |  | $ | 4,680 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
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