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Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Future Minimum Lease Payments under Operating Leases

Future minimum lease payments under operating leases that have initial noncancelable lease terms in excess of one year were as follows (in thousands):

		March 31, 2024				December 31, 2023
2024		$	33,995			$	38,943
2025			29,994				27,638
2026			27,246				24,945
2027			24,165				22,842
2028			19,522				18,318
Thereafter			79,809				79,755
Total lease payments			214,731				212,441
Less: imputed interest			(45,150	)			(40,290	)
Operating lease liabilities		$	169,581			$	172,151

Lease Cost

The following table summarizes lease costs (in thousands):

		Three Months Ended March 31,
		2024				2023
Operating lease cost		$	11,599			$	10,577
Variable lease cost			578				758
Short-term lease cost			8,809				6,219
Sublease income			(830	)			(843	)
		$	20,156			$	16,711

Operating Leases Weighted Average Discount Rate and Remaining Lease Term

The following table summarizes other supplemental information about the Company’s operating leases:

		March 31, 2024				December 31, 2023
Weighted average discount rate			4.5	%			4.4	%
Weighted average remaining lease term		9 years				9 years

X

- Definition

operating leases related to weighted average discount rate and weighted average remaining lease term.

+ References

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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

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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

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