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Leases (Tables) | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Schedule of Lease Expense, Weighted Averages and Supplemental Cash Flow Information | For the years ended December 31, 2023, 2022, and 2021, the elements of lease expense were as follows (in thousands):
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Operating lease cost | $ | 6,832 |  |  | $ | 8,251 |  |  | $ | 6,320 |
Finance lease cost: |  |  |  |  |
Amortization of right-of-use assets | 6,809 |  |  | 7,174 |  |  | 9,139 |
Interest on lease liabilities | 5,190 |  |  | 5,392 |  |  | 3,044 |
Total finance lease cost | 11,999 |  |  | 12,566 |  |  | 12,183 |
Other lease cost, net (1) | 1,385 |  |  | 1,220 |  |  | 1,193 |
Total lease cost | $ | 20,216 |  |  | $ | 22,037 |  |  | $ | 19,696 |
(1)Other lease cost, net includes short-term lease costs and variable lease costs. The following table presents the lease-related assets and liabilities recorded on the Consolidated Balance Sheets (in thousands):
| As of December 31,
| 2023 |  | 2022
Operating leases: |  |  |
Other assets | $ | 42,153 |  |  | $ | 38,784 |
Other current liabilities | $ | 4,939 |  |  | $ | 4,233 |
Other liabilities | 41,105 |  |  | 38,085 |
Total operating lease liabilities | $ | 46,044 |  |  | $ | 42,318 |
Finance leases: |  |  |
Property and equipment, net | $ | 95,381 |  |  | $ | 102,169 |
Finance lease obligations—current | $ | 6,079 |  |  | $ | 4,731 |
Finance lease obligations—net of current portion | 99,620 |  |  | 105,699 |
Total finance lease liabilities | $ | 105,699 |  |  | $ | 110,430 |
The following table summarizes the weighted average remaining lease term and weighted average discount rate as of December 31, 2023 and 2022:
| As of December 31,
| 2023 |  | 2022
Weighted average remaining lease term: |  |  |
Operating leases | 13.47 years |  | 14.54 years
Finance leases | 15.56 years |  | 16.49 years
Weighted average discount rate: |  |  |
Operating leases | 4.40 | % |  | 4.54 | %
Finance leases | 4.73 | % |  | 4.73 | %
Schedule of Cash Flow Activities, Lessee | Supplemental cash flow information related to leases was as follows (in thousands):
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |
Operating cash flows used in operating leases | $ | (6,482) |  |  | $ | (7,871) |  |  | $ | (6,442) |
Operating cash flows used in finance leases | (5,174) |  |  | (5,387) |  |  | (3,025) |
Finance cash flows used in finance leases | (6,278) |  |  | (6,307) |  |  | (8,864) |
Schedule of Future Minimum Operating Lease Payments | Future minimum lease payments under non-cancelable leases as of December 31, 2023 were as follows (in thousands):
| Operating Leases |  | Finance Leases
2024 | $ | 6,549 |  |  | $ | 10,115 |
2025 | 6,565 |  |  | 10,760 |
2026 | 1,855 |  |  | 100 |
2027 | 1,310 |  |  | 882 |
2028 | 4,300 |  |  | 10,593 |
Thereafter | 42,717 |  |  | 124,404 |
Total future minimum lease payments (1) | 63,296 |  |  | 156,854 |
Less: |  |  |
Imputed interest | 17,252 |  |  | 51,155 |
Total | $ | 46,044 |  |  | $ | 105,699 |
(1)In the fourth quarter of 2021, the Company entered into a First Amendment to Lease (the “First Amendment”) related to the Company’s corporate headquarters in Brooklyn, New York, a portion of which is accounted for as a finance lease and a portion as an operating lease. The First Amendment extended the expiration of the term of the lease from July 31, 2026 to July 31, 2039. The First Amendment includes a tenant allowance, a portion of which became available beginning in April 2022, rent concessions that become available beginning in 2026, and escalating commitments each contract year between 2028 and 2038, which are reflected in the future minimum lease payments.
Schedule of Future Minimum Finance Lease Payments | Future minimum lease payments under non-cancelable leases as of December 31, 2023 were as follows (in thousands):
| Operating Leases |  | Finance Leases
2024 | $ | 6,549 |  |  | $ | 10,115 |
2025 | 6,565 |  |  | 10,760 |
2026 | 1,855 |  |  | 100 |
2027 | 1,310 |  |  | 882 |
2028 | 4,300 |  |  | 10,593 |
Thereafter | 42,717 |  |  | 124,404 |
Total future minimum lease payments (1) | 63,296 |  |  | 156,854 |
Less: |  |  |
Imputed interest | 17,252 |  |  | 51,155 |
Total | $ | 46,044 |  |  | $ | 105,699 |
(1)In the fourth quarter of 2021, the Company entered into a First Amendment to Lease (the “First Amendment”) related to the Company’s corporate headquarters in Brooklyn, New York, a portion of which is accounted for as a finance lease and a portion as an operating lease. The First Amendment extended the expiration of the term of the lease from July 31, 2026 to July 31, 2039. The First Amendment includes a tenant allowance, a portion of which became available beginning in April 2022, rent concessions that become available beginning in 2026, and escalating commitments each contract year between 2028 and 2038, which are reflected in the future minimum lease payments.

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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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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