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Leases | 12 Months Ended
--- | ---
Dec. 31, 2021
Leases [Abstract] |
Leases | Leases We lease certain office space, residential space, buildings and land with various lease terms through June 2043. Certain office leases include one or more options to renew, with renewal terms that can extend the lease term from 1 to 5 years. The exercise of lease renewal options is at our sole discretion and are assessed whether to factor as part of the lease term at lease inception. Our leases generally require us to pay a proportionate share of real estate taxes, insurance, common area maintenance, and other operating costs in addition to a base or fixed rent. The components of lease expense recognized in the consolidated statements of operations were as follows (in thousands):
| Year ended December 31,
| 2021 |  | 2020 |  | 2019
Operating lease cost | $ | 4,750 |  |  | $ | 4,475 |  |  | $ | 3,544 |
Finance lease cost: |  |  |  |  |
Amortization of right-of-use assets | 880 |  |  | 922 |  |  | 926 |
Interest on lease obligations | 956 |  |  | 1,197 |  |  | 1,306 |
Short-term lease cost | 1,667 |  |  | 1,727 |  |  | 1,324 |
Variable lease cost | 1,163 |  |  | 1,214 |  |  | 923 |
| $ | 9,416 |  |  | $ | 9,535 |  |  | $ | 8,023 |
Supplemental cash flow information related to leases was as follows (in thousands):
| Year ended December 31,
| 2021 |  | 2020 |  | 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |
Operating cash flows from operating leases | $ | 6,028 |  |  | $ | 5,350 |  |  | $ | 4,018 |
Finance cash flows from finance leases | 1,705 |  |  | 1,641 |  |  | 1,565 |
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |  |
Operating leases | $ | 6,299 |  |  | $ | 4,121 |  |  | $ | 2,207 |
Finance leases | — |  |  | — |  |  | — |
Other supplemental information related to leases was as follows:
| As of December 31,
| 2021 |  | 2020 |  | 2019
Weighted Average Remaining Lease Term (in years) |  |  |  |  |
Operating leases | 5.7 |  | 6.5 |  | 7.6
Finance leases | 21.4 |  | 22.4 |  | 23.4
Weighted Average Discount Rate |  |  |  |  |
Operating leases | 4.9 | % |  | 5.5 | % |  | 5.7 | %
Finance leases | 5.5 | % |  | 5.5 | % |  | 6.0 | %
As of December 31, 2021, the aggregate annual lease obligations were as follows (in thousands):
| Operating Leases |  | Finance Leases
2022 | $ | 6,946 |  |  | $ | 2,436 |
2023 | 5,561 |  |  | 1,315 |
2024 | 4,247 |  |  | 1,315 |
2025 | 2,572 |  |  | 1,315 |
2026 | 1,536 |  |  | 1,315 |
Thereafter | 5,439 |  |  | 18,661 |
Total lease obligations | 26,301 |  |  | 26,357 |
Less: Amount representing interest | (3,885) |  |  | (9,695) |
Net lease obligations | $ | 22,416 |  |  | $ | 16,662 |
Leases | Leases We lease certain office space, residential space, buildings and land with various lease terms through June 2043. Certain office leases include one or more options to renew, with renewal terms that can extend the lease term from 1 to 5 years. The exercise of lease renewal options is at our sole discretion and are assessed whether to factor as part of the lease term at lease inception. Our leases generally require us to pay a proportionate share of real estate taxes, insurance, common area maintenance, and other operating costs in addition to a base or fixed rent. The components of lease expense recognized in the consolidated statements of operations were as follows (in thousands):
| Year ended December 31,
| 2021 |  | 2020 |  | 2019
Operating lease cost | $ | 4,750 |  |  | $ | 4,475 |  |  | $ | 3,544 |
Finance lease cost: |  |  |  |  |
Amortization of right-of-use assets | 880 |  |  | 922 |  |  | 926 |
Interest on lease obligations | 956 |  |  | 1,197 |  |  | 1,306 |
Short-term lease cost | 1,667 |  |  | 1,727 |  |  | 1,324 |
Variable lease cost | 1,163 |  |  | 1,214 |  |  | 923 |
| $ | 9,416 |  |  | $ | 9,535 |  |  | $ | 8,023 |
Supplemental cash flow information related to leases was as follows (in thousands):
| Year ended December 31,
| 2021 |  | 2020 |  | 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |
Operating cash flows from operating leases | $ | 6,028 |  |  | $ | 5,350 |  |  | $ | 4,018 |
Finance cash flows from finance leases | 1,705 |  |  | 1,641 |  |  | 1,565 |
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |  |
Operating leases | $ | 6,299 |  |  | $ | 4,121 |  |  | $ | 2,207 |
Finance leases | — |  |  | — |  |  | — |
Other supplemental information related to leases was as follows:
| As of December 31,
| 2021 |  | 2020 |  | 2019
Weighted Average Remaining Lease Term (in years) |  |  |  |  |
Operating leases | 5.7 |  | 6.5 |  | 7.6
Finance leases | 21.4 |  | 22.4 |  | 23.4
Weighted Average Discount Rate |  |  |  |  |
Operating leases | 4.9 | % |  | 5.5 | % |  | 5.7 | %
Finance leases | 5.5 | % |  | 5.5 | % |  | 6.0 | %
As of December 31, 2021, the aggregate annual lease obligations were as follows (in thousands):
| Operating Leases |  | Finance Leases
2022 | $ | 6,946 |  |  | $ | 2,436 |
2023 | 5,561 |  |  | 1,315 |
2024 | 4,247 |  |  | 1,315 |
2025 | 2,572 |  |  | 1,315 |
2026 | 1,536 |  |  | 1,315 |
Thereafter | 5,439 |  |  | 18,661 |
Total lease obligations | 26,301 |  |  | 26,357 |
Less: Amount representing interest | (3,885) |  |  | (9,695) |
Net lease obligations | $ | 22,416 |  |  | $ | 16,662 |

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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