XML 66 R53.htm IDEA: XBRL DOCUMENT v3.22.4
Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Schedule of Lease Cost
The Company's lease costs were as follows:
Year Ended December 31,
(in thousands)20222021
Operating lease cost$12,073 $9,499 
Short-term lease cost40 325 
Sublease income(559)(134)
Total lease cost$11,554 $9,690 
Schedule of Operating Lease Assets and Liabilities
Leases recorded on the consolidated balance sheet consist of the following:
December 31,
(in thousands)20222021
Assets:
Operating lease right-of-use assets$68,985 $34,183 
Liabilities:
Current operating lease liabilities$10,663 $11,998 
Long-term operating lease liabilities70,994 35,492 
Total lease liabilities$81,657 $47,490 
Schedule of Operating Leases, Other Information
Other information related to the Company's lease arrangements is as follows:
Year Ended December 31,
(in thousands)20222021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$14,145 $11,528 
ROU assets obtained in exchange for lease liabilities in non-cash transactions:
Operating lease assets obtained in exchange for operating lease liabilities$44,481 $25,852 
Weighted-average remaining lease term41.02 years7.66 years
Weighted-average discount rate(1)
4.77 %2.79 %
(1) Discount rates used for existing operating leases upon adoption of Topic 842 were established based on remaining lease term as of January 1, 2019.
Schedule of Operating Lease Maturities
Maturities of lease liabilities as of December 31, 2022 are as follows:
(in thousands)
2023$12,856 
20246,517 
20256,289 
20266,205 
20276,554 
Thereafter284,249 
Total minimum lease payments$322,670 
Less imputed interest241,013 
Present value of minimum lease payments$81,657