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Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Summary of Components of Lease Expense

The components of lease expense were as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

Operating lease expense

 

$

26,131

 

 

$

26,360

 

Variable lease expense

 

 

4,530

 

 

 

4,518

 

Short-term lease expense

 

 

582

 

 

 

625

 

Sublease income

 

 

(2,596

)

 

 

(2,066

)

Total net lease expense

 

$

28,647

 

 

$

29,437

 

Summary of Other Information Related to Operating Leases

Other information related to leases was as follows (in thousands, except term and discount rate):

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

Supplemental Cash Flows Information:

 

 

 

 

 

 

Cash paid for amounts included in the measurement of operating
      lease liabilities

 

$

23,272

 

 

$

21,130

 

Right-of-use assets obtained in exchange for new operating lease
      liabilities

 

 

3,909

 

 

 

37,987

 

Weighted-average remaining lease term - operating leases

 

59 months

 

 

69 months

 

Weighted-average discount rate - operating leases

 

 

3.30

%

 

 

3.62

%

Summary of Future Minimum Lease Payments Under Non-cancellable Operating Leases

Future minimum lease payments under non-cancelable leases as of December 31, 2021 were as follows (in thousands):

 

2022

 

$

25,483

 

2023

 

 

22,338

 

2024

 

 

20,925

 

2025

 

 

14,877

 

2026

 

 

5,206

 

Thereafter

 

 

12,231

 

Total future minimum lease payments (1)

 

 

101,060

 

Less: Interest (2)

 

 

(7,722

)

Total

 

$

93,338

 

 

 

 

 

Current operating lease liabilities

 

$

23,270

 

Non-current operating lease liabilities

 

 

70,068

 

Total

 

$

93,338

 

 

(1) For leases commencing prior to 2019, minimum lease payments exclude payments for real estate taxes and non-lease components.

(2) We use our functional currency adjusted incremental borrowing rate for the discount rate.