Leases (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of Quantitative Information and Other Information Related to Leases

Quantitative information related to leases is presented in the following table (dollars in thousands):

	For the Quarter Ended June 30, 2022			For the Year to Date Ended June 30, 2022
Lease expenses ⁽¹⁾
Fixed lease expenses - operating	$	2,695		$	5,462
Variable lease expenses - operating		1,079			1,894
Sublease income		(269	)		(545	)
Total lease expenses	$	3,505		$	6,811

Other information
Gross operating cash flows for operating leases ⁽²⁾	$	(4,263	)	$	(8,818	)
Operating cash flows from subleases⁽²⁾	$	279		$	553

	For the Quarter Ended June 30, 2021			For the Year to Date Ended June 30, 2021
Lease expenses ⁽¹⁾
Fixed lease expenses - operating	$	2,806		$	5,821
Variable lease expenses - operating		1,239			2,752
Sublease income		(335	)		(834	)
Total lease expenses	$	3,710		$	7,739


Other information
Gross operating cash flows for operating leases ⁽²⁾	$	(4,313	)	$	(9,534	)
Operating cash flows from subleases⁽²⁾	$	353		$	883

	As of June 30, 2022			As of June 30, 2021
Weighted average remaining lease term (in months) – operating leases		67			72
Weighted average discount rate – operating leases		4.8	%		4.9	%

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(1)

Lease expense and sublease income represent the amount recorded within our unaudited condensed consolidated statements of income. Variable lease amounts represent expenses recognized as incurred which are not included in the lease liability. Fixed lease expenses and sublease income are recorded on a straight-line basis over the lease term and therefore are not necessarily representative of cash payments during the same period.

(2)

Cash flows are presented on a consolidated basis and represent cash payments for fixed and variable lease costs.