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Leases | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Leases | LEASES We determine if a contract is a lease at inception. We have leases for office space and facilities, automobiles and certain information technology equipment. All of our leases are classified as operating leases and the majority of which are for office space and facilities. Supplemental balance sheet information related to the Company’s operating leases as of December 31, 2023 and 2022 was as follows (in thousands):
| December 31, 2023 |  | December 31, 2022
Weighted-average remaining lease term | 7.3 years |  | 6.3 years
Weighted-average discount rate | 5.51 | % |  | 4.14 | %
The components of lease cost and other lease information as of and during the year ended December 31, 2023 and 2022 are as follows (in thousands):
| December 31, 2023 |  | December 31, 2022
Operating lease cost | $ | 45,088 |  |  | $ | 43,716 |
Cash paid for amounts included in measurement of lease liabilities |  |  |
Operating cash flows for operating leases | $ | 46,936 |  |  | $ | 45,378 |
Our leases have remaining lease terms ranging from 1 to 20 years. These leases generally contain renewal options for periods ranging from two to five years. Because the Company is not reasonably certain to exercise these renewal options, the options are not included in the lease term, and associated potential option payments are excluded from lease payments. Maturities of operating lease liabilities at December 31, 2023 and minimum cash commitments under operating leases at December 31, 2022 were as follows (in thousands):
| December 31, 2023
2024 | $ | 47,446 |
2025 | 46,623 |
2026 | 43,131 |
2027 | 40,678 |
2028 | 29,261 |
Thereafter | 90,535 |
Total undiscounted lease payments | 297,674 |
Less: imputed interest | (57,486) |
Total lease liabilities | $ | 240,188 |
| December 31, 2022
2023 | $ | 44,595 |
2024 | 40,516 |
2025 | 38,978 |
2026 | 35,205 |
2027 | 31,230 |
Thereafter | 51,756 |
Total undiscounted lease payments | 242,280 |
Less: imputed interest | (31,468) |
Total lease liabilities | $ | 210,812 |

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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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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