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Operating Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Operating Lease Related Assets And Liabilities And Other Related Information

 

The table below presents the operating lease-related right-of-use assets and related liabilities recorded on the Company’s balance sheet and the weighted average remaining lease term and discount rate as of December 31, 2021 and 2020 (dollars in thousands):

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

Assets:

 

 

 

 

 

 

Operating lease right-of-use assets

 

$

51,283

 

 

$

44,926

 

Liabilities:

 

 

 

 

 

 

Current portion of operating lease liabilities

 

 

19,684

 

 

 

18,933

 

Long-term portion of operating lease liabilities

 

 

41,396

 

 

 

40,970

 

Other Information:

 

 

 

 

 

 

Weighted-average remaining lease term

 

3.7 years

 

 

4.0 years

 

Weighted average discount rate

 

 

4.7

%

 

 

5.0

%

Lease, Cost

The table below presents certain information related to the lease costs for operating leases during the years ended December 31, 2021 and 2020 (in thousands):

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

Operating lease costs

 

$

19,907

 

 

$

20,972

 

Variable lease costs

 

 

5,060

 

 

 

4,519

 

Other operating lease costs

 

 

4,235

 

 

 

4,812

 

Total operating lease costs

 

$

29,202

 

 

$

30,303

 

Operating Leases Cash Flow Related Information

The table below presents supplemental cash flow information related to operating leases during the years ended December 31, 2021 and 2020 (in thousands):

 

 

 

December 31, 2021

 

 

December 31, 2020

 

Operating cash flows for operating leases

 

$

34,054

 

 

$

27,933

 

Lessee, Operating Lease, Liability, Maturity

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the operating lease liabilities recorded on the balance sheet as of December 31, 2021 (in thousands):

 

 

 

December 31, 2021

 

 2022

 

$

20,339

 

 2023

 

 

18,110

 

 2024

 

 

13,488

 

 2025

 

 

8,100

 

 2026

 

 

4,373

 

Thereafter

 

 

9,249

 

Total minimum lease payments

 

 

73,659

 

Less: Amount of payments representing interest

 

 

(12,579

)

Present value of future minimum lease payments

 

 

61,080

 

Less: Current obligations

 

 

(19,684

)

Long-term portion of operating leases

 

$

41,396