XML 28 R15.htm IDEA: XBRL DOCUMENT v3.22.0.1
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,
202120202019
Operating lease cost$4,750 $4,475 $3,544 
Finance lease cost:
Amortization of right-of-use assets880 922 926 
Interest on lease obligations956 1,197 1,306 
Short-term lease cost1,667 1,727 1,324 
Variable lease cost1,163 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,
202120202019
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 leases1,705 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,
202120202019
Weighted Average Remaining Lease Term (in years)
Operating leases5.76.57.6
Finance leases21.422.423.4
Weighted Average Discount Rate
Operating leases4.9 %5.5 %5.7 %
Finance leases5.5 %5.5 %6.0 %
As of December 31, 2021, the aggregate annual lease obligations were as follows (in thousands):
Operating LeasesFinance Leases
2022$6,946 $2,436 
20235,561 1,315 
20244,247 1,315 
20252,572 1,315 
20261,536 1,315 
Thereafter5,439 18,661 
Total lease obligations26,301 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,
202120202019
Operating lease cost$4,750 $4,475 $3,544 
Finance lease cost:
Amortization of right-of-use assets880 922 926 
Interest on lease obligations956 1,197 1,306 
Short-term lease cost1,667 1,727 1,324 
Variable lease cost1,163 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,
202120202019
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 leases1,705 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,
202120202019
Weighted Average Remaining Lease Term (in years)
Operating leases5.76.57.6
Finance leases21.422.423.4
Weighted Average Discount Rate
Operating leases4.9 %5.5 %5.7 %
Finance leases5.5 %5.5 %6.0 %
As of December 31, 2021, the aggregate annual lease obligations were as follows (in thousands):
Operating LeasesFinance Leases
2022$6,946 $2,436 
20235,561 1,315 
20244,247 1,315 
20252,572 1,315 
20261,536 1,315 
Thereafter5,439 18,661 
Total lease obligations26,301 26,357 
Less: Amount representing interest(3,885)(9,695)
Net lease obligations$22,416 $16,662