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Leases

9 Months Ended

Sep. 30, 2022

9. LEASES

Future lease payments under non-cancelable leases at September 30, 2022 and December 31, 2021 consisted of the following:


	September 30,			December 31,
(In thousands)	2022			2021
2022	$	4,489		$	17,991
2023		18,148			17,329
2024		18,418			17,535
2025		18,692			17,808
2026		14,661			13,777
Thereafter		95,304			95,229
Total operating lease payments	$	169,712		$	179,669
Less: imputed interest		(58,225	)		(59,267	)
Total operating lease liabilities	$	111,487		$	120,402

At September 30, 2022, the weighted average incremental borrowing rate and the weighted average remaining lease term for all operating leases held by the Company were 5.23% and 10.9 years, respectively. Cash paid for lease liabilities was $4.5 million and $13.4 million during the three and nine months ended September 30, 2022, respectively, compared to $4.4 million and $12.5 million during the three and nine months ended September 30, 2021, respectively. The Company recorded operating lease expense of $4.1 million and $12.5 million during the three and nine months ended September 30, 2022, respectively, as compared to $4.3 million and $12.9 million during the three and nine months ended September 30, 2021, respectively.