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Commitments and Contingencies
 12 Months Ended
Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and ContingenciesEVERTEC is a defendant in a number of legal proceedings arising in the ordinary course of business. Based on the opinion of legal counsel, management believes that the final disposition of these matters will not have a material adverse effect on the business, results of operations or financial condition of the Company. The Company has identified certain claims in which a loss may be incurred, but in the aggregate the loss would be minimal. For other claims, where the proceedings are in an initial phase, the Company is unable to estimate the range of possible loss for such legal proceedings. However, the Company at this time believes that any loss related to these latter claims will not be material.
Leases

The Company has operating leases for certain office facilities, buildings, telecommunications and other equipment; and finance leases for certain equipment. The Company’s lease contracts have remaining terms ranging from 1 year to 6 years, some of which may include options to extend the leases for up to 5 years, and some which may include the option to terminate the lease within 1 year.

Total lease cost consisted of the following:
Years ended December 31,
(in thousands)20222021
Operating lease cost$7,058 $6,948 
Variable lease cost2,855 2,472 
Total lease costs$9,913 $9,420 
Other Balance Sheet information related to operating leases was as follows:
December 31,
(In thousands)20222021
Right-of-use assets obtained in exchange for operating lease obligations$3,327$178
Weighted average remaining lease term, in years34
Weighted Average Discount Rate1.7%2.3%
The following table presents the balance of Operating lease obligations:
December 31,
(In thousands)20222021
Operating lease liability - current$5,936 $5,580 
Operating lease liability - long-term10,788 16,456 
Total operating lease liabilities$16,724 $22,036 
Future minimum operating lease payments at December 31, 2022 were as follows:
(In thousands)
20236,697 
20245,753 
20254,275 
2026813 
2027674 
Thereafter202 
Total future minimum lease payments18,414 
Less: imputed interest(1,690)
Total$16,724