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Leases | 3 Months Ended
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Mar. 31, 2023
Leases [Abstract] |
Leases | NOTE 4 – LEASES The Company has operating and finance leases for facilities and equipment which have remaining terms ranging from 1 to 16 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 lease cost resulting from changes in these indices is included within variable lease cost. 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 |
|  | March 31, 2023 |  |  | March 31, 2022 |
Operating lease cost |  | $ | 6,489 |  |  | $ | 9,502 |
Finance lease cost - amortization of right-of-use assets |  |  | 494 |  |  |  | — |
Finance lease cost - interest |  |  | 152 |  |  |  | — |
Short-term lease cost |  |  | 149 |  |  |  | 133 |
Variable lease cost |  |  | 55 |  |  |  | 20 |
Sublease income |  |  | (28 | ) |  |  | (10 | )
Total lease cost |  | $ | 7,311 |  |  | $ | 9,645 |
Future minimum lease payments under non-cancellable operating and finance leases as of March 31, 2023 were as follows:
|  | Operating |  |  | Finance |
March 31, 2024 |  | $ | 18,582 |  |  | $ | 2,967 |
March 31, 2025 |  |  | 28,674 |  |  |  | 2,967 |
March 31, 2026 |  |  | 26,939 |  |  |  | 2,967 |
March 31, 2027 |  |  | 23,322 |  |  |  | 2,967 |
March 31, 2028 |  |  | 17,024 |  |  |  | 2,967 |
Thereafter |  |  | 139,443 |  |  |  | 5,192 |
Total future minimum lease payments |  |  | 253,984 |  |  |  | 20,027 |
Less: Interest |  |  | (48,529 | ) |  |  | (2,119 | )
Total lease liabilities |  | $ | 205,455 |  |  | $ | 17,908 |
Other information related to operating and finance leases is as follows:
|  | March 31, 2023 |  |  | March 31, 2022 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash outflows for operating leases |  | $ | 4,982 |  |  | $ | 10,110 |
Operating cash outflows for finance leases |  |  | 152 |  |  |  | — |
Financing cash outflows for finance leases |  |  | 590 |  |  |  | — |
Right-of-use assets obtained in exchange for operating lease liabilities |  | $ | 8,900 |  |  | $ | 2,952 |
Weighted-average remaining lease term |  |  |  |  |  |
Operating leases |  |  | 11.6 |  |  |  | 11.5 |
Finance leases |  |  | 6.8 |  |  |  | — |
Weighted-average discount rate |  |  |  |  |  |
Operating leases |  |  | 3.5 | % |  |  | 3.2 | %
Finance leases |  |  | 3.4 | % |  |  | — |

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- References No definition available. + Details
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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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