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Leases | 9 Months Ended
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Sep. 30, 2022
Leases [Abstract] |
Leases | NOTE 5 – LEASES The Company has operating and finance leases for facilities and equipment which have remaining terms ranging from 1 to 17 years. The leases may include options to extend the lease periods for up to 5 years at rates approximating market rates and/or options to terminate the leases within 1 year. The leases may include a residual value guarantee or a responsibility to return the property to its original state of use. A limited number of leases contain provisions that provide for rental increases based on consumer price indices. The change in rent expense resulting from changes in these indices are included within variable rent. The Company’s lease cost is recognized on a straight-line basis over the lease term. Lease cost consists of the following:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, 2022 |  |  | September 30, 2021 |  |  | September 30, 2022 |  |  | September 30, 2021 |
Operating lease cost |  | $ | 9,411 |  |  | $ | 8,557 |  |  | $ | 28,349 |  |  | $ | 26,004 |
Finance lease cost - amortization of right-of-use assets |  |  | 105 |  |  |  | — |  |  |  | 105 |  |  |  | — |
Finance lease cost - interest |  |  | 21 |  |  |  | — |  |  |  | 21 |  |  |  | — |
Short-term lease cost |  |  | 76 |  |  |  | 91 |  |  |  | 353 |  |  |  | 327 |
Variable lease cost |  |  | 59 |  |  |  | 13 |  |  |  | 106 |  |  |  | 32 |
Sublease income |  |  | (26 | ) |  |  | — |  |  |  | (64 | ) |  |  | — |
Total lease cost |  | $ | 9,646 |  |  | $ | 8,661 |  |  | $ | 28,870 |  |  | $ | 26,363 |
Future minimum lease payments under non-cancellable operating and finance leases as of September 30, 2022 were as follows:
|  | Operating |  |  | Finance |
September 30, 2023 |  | $ | 25,245 |  |  | $ | 2,221 |
September 30, 2024 |  |  | 24,416 |  |  |  | 2,423 |
September 30, 2025 |  |  | 23,673 |  |  |  | 2,423 |
September 30, 2026 |  |  | 22,399 |  |  |  | 2,423 |
September 30, 2027 |  |  | 18,151 |  |  |  | 2,423 |
Thereafter |  |  | 145,745 |  |  |  | 5,045 |
Total future minimum lease payments |  |  | 259,629 |  |  |  | 16,958 |
Less: Interest |  |  | (49,189 | ) |  |  | (1,909 | )
Total lease liabilities |  | $ | 210,440 |  |  | $ | 15,049 |
Operating lease liabilities - current |  | $ | 22,959 |
Operating lease liabilities - non-current |  |  | 187,481 |
Finance lease liabilities - current |  |  | 1,779 |
Finance lease liabilities - non-current |  |  | 13,270 |
Total lease liabilities |  | $ | 225,489 |
Other information related to operating and finance leases is as follows:
|  | September 30, 2022 |  |  | September 30, 2021 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash outflows for operating leases |  | $ | 30,038 |  |  | $ | 18,743 |
Right-of-use assets obtained in exchange for operating lease liabilities |  | $ | 13,434 |  |  | $ | 1,002 |
Property and equipment obtained in exchange for finance lease liabilities |  | $ | 15,027 |  |  |  | — |
Weighted-average remaining lease term |  |  |  |  |  |
Operating leases |  |  | 11.6 |  |  |  | 5.7 |
Finance leases |  |  | 7.1 |  |  |  | — |
Weighted-average discount rate |  |  |  |  |  |
Operating leases |  |  | 3.3 | % |  |  | 3.3 | %
Finance leases |  |  | 3.4 | % |  |  | — |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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