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Leases (Tables)

6 Months Ended

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