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Leases (Tables) | 6 Months Ended
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Jun. 30, 2023
Leases [Abstract] |
Summary of Lease Costs | The components of lease costs for the three and six months ended June 30, 2023 and June 30, 2022 are as follows (in thousands):
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, 2023 |  |  | June 30, 2022 |  |  | June 30, 2023 |  |  | June 30, 2022 |
Operating lease cost |  | $ | 17,129 |  |  | $ | 16,574 |  |  | $ | 33,754 |  |  | $ | 32,750 |
Short-term lease cost |  |  | 3,396 |  |  |  | 3,610 |  |  |  | 7,059 |  |  |  | 7,090 |
Amortization of right-of-use assets |  |  | 670 |  |  |  | 602 |  |  |  | 1,186 |  |  |  | 1,150 |
Interest on lease liabilities |  |  | 65 |  |  |  | 22 |  |  |  | 98 |  |  |  | 43 |
Sublease income |  |  | (1,239 | ) |  |  | (968 | ) |  |  | (2,363 | ) |  |  | (2,003 | )
Total lease cost |  | $ | 20,021 |  |  | $ | 19,840 |  |  | $ | 39,734 |  |  | $ | 39,030 |
Schedule of Supplemental Cash Flow Information Related to Leases | Supplemental cash flow information related to leases for the six months ended June 30, 2023 and June 30, 2022 is as follows (in thousands):
|  | Six Months Ended |
|  | June 30, 2023 |  |  | June 30, 2022 |
Operating cash flows for operating leases |  | $ | 35,076 |  |  | $ | 34,727 |
Operating cash flows for finance leases |  |  | 98 |  |  |  | 43 |
Financing cash flows from finance leases |  |  | 1,166 |  |  |  | 1,054 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  |  | 43,398 |  |  |  | 10,583 |
Right-of-use assets obtained in exchange for new finance lease liabilities |  | $ | 3,412 |  |  | $ | 631 |
Schedule of Supplemental Balance Sheet and Other Information Related to Leases | Supplemental balance sheet and other information related to leases as of June 30, 2023 and December 31, 2022 are as follows (in thousands):
|  | June 30, 2023 |  |  | December 31, 2022 |
Operating Leases: |  |  |  |  |  |
Right-of-use assets |  | $ | 166,797 |  |  | $ | 155,090 |
Lease liabilities: |  |  |  |  |  |
Current |  |  | 57,085 |  |  |  | 59,144 |
Long-term |  |  | 128,634 |  |  |  | 111,417 |
Total operating lease liabilities |  | $ | 185,719 |  |  | $ | 170,561 |
Finance Leases: |  |  |  |  |  |
Other noncurrent assets |  | $ | 6,222 |  |  | $ | 3,965 |
Accrued expenses and other current liabilities |  | $ | 2,232 |  |  | $ | 1,746 |
Other long-term liabilities |  | $ | 3,963 |  |  | $ | 2,246 |
Weighted Average Remaining Lease Term: |  |  |  |  |  |
Operating leases |  | 4.1 years |  |  | 3.6 years |
Finance leases |  | 3 years |  |  | 2.6 years |
Weighted Average Discount Rate: |  |  |  |  |  |
Operating leases |  |  | 3.9 | % |  |  | 3.4 | %
Finance leases |  |  | 4.0 | % |  |  | 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 June 30, 2023 is as follows (in thousands):
|  | Operating Leases |  |  | Finance Leases |
2023 (remaining) |  | $ | 33,551 |  |  | $ | 1,290 |
2024 |  |  | 56,056 |  |  |  | 2,234 |
2025 |  |  | 43,696 |  |  |  | 1,771 |
2026 |  |  | 27,856 |  |  |  | 1,128 |
2027 |  |  | 16,243 |  |  |  | 181 |
Thereafter |  |  | 24,134 |  |  |  | - |
Total lease payments |  |  | 201,536 |  |  |  | 6,604 |
Less: imputed interest |  |  | (15,817 | ) |  |  | (409 | )
Total present value of lease liabilities |  | $ | 185,719 |  |  | $ | 6,195 |

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