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Leases Leases (Notes)
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Lessee, Operating Leases Leases
The Company leases certain equipment and facilities under non-cancelable operating leases. Leases with an initial term of 12 months or less are not recorded on the balance sheet; expense related to these leases is recognized on a straight-line basis over the lease term.
The components of lease expense are as follows (dollars in thousands):
Three months ended June 30,Six months ended June 30,
2022202120222021
Operating lease cost$2,690 $2,140 $5,330 $4,280 
Short-term, variable and other lease costs730 430 1,420 860 
Total lease cost$3,420 $2,570 $6,750 $5,140 
Maturities of lease liabilities are as follows (dollars in thousands):
Year ended December 31,
Operating Leases(a)
2022 (excluding the six months ended June 30, 2022)$5,120 
20239,720 
20248,880 
20257,590 
20267,490 
Thereafter20,680 
Total lease payments59,480 
Less: Imputed interest(7,140)
Present value of lease liabilities$52,340 
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(a)     The maturity table excludes cash flows associated with exited lease facilities. Liabilities for exited lease facilities are included in accrued liabilities and other long-term liabilities in the accompanying consolidated balance sheet.
The weighted-average remaining lease term of the Company's operating leases as of June 30, 2022 is approximately 7.1 years. The weighted-average discount rate as of June 30, 2022 is approximately 3.7%.
Cash paid for amounts included in the measurement of operating lease liabilities was approximately $4.8 million and $4.2 million during the six months ended June 30, 2022 and 2021, respectively, and is included in cash flows provided by operating activities in the accompanying consolidated statement of cash flows.
Right-of-use assets obtained in exchange for lease liabilities were approximately $4.8 million and $6.1 million during the six months ended June 30, 2022 and 2021, respectively.