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Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Components of lease expense, and lease assets and liabilities

The components of lease expense were as follows:


			Year Ended December 31,
(in thousands)			2021				2020
Finance lease cost:
Amortization of right-of-use assets (included in depreciation expense)			$	444			$	727
Interest on lease liabilities				192				428
Operating lease cost				16,155				15,930
Short-term lease cost				339				573
Variable lease cost				1,737				1,748
Total lease cost			$	18,867			$	19,406


Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for finance lease		$	212			$	462
Operating cash flows used for operating leases		$	16,721			$	15,627
Financing cash flows used for finance lease		$	873			$	1,351
Right-of-use assets obtained in exchange for new operating lease liabilities		$	32,811			$	17,607

The lease assets and liabilities as of December 31, 2021 were as follows (in thousands):


		December 31,
		2021				2020
Finance lease right-of-use assets (included in other assets)		$	760			$	2,448
Operating lease right-of-use assets		$	99,158			$	79,966
Finance lease liability, current (included in current installments of long-term debt)		$	165			$	1,661
Finance lease liability, noncurrent (included in long-term debt)		$	529			$	2,832
Operating lease liabilities, current (included in accrued liabilities)		$	13,465			$	11,516
Operating lease liabilities, noncurrent		$	90,878			$	72,120
Weighted average remaining lease term – finance leases		3.9 years				3.0 years
Weighted average remaining lease term – operating leases		10.0 years				10.0 years
Weighted average discount rate – finance leases			4.8	%			9.0	%
Weighted average discount rate – operating leases			4.1	%			4.4	%

Future annual minimum lease payments and finance lease commitments

Future annual minimum lease payments and finance lease commitments as of December 31, 2021 were as follows (in thousands):


Year ending December 31,		Operating Leases				Finance Leases
2022			16,516				194
2023			15,030				194
2024			13,554				194
2025			12,573				178
2026			10,324				—
2027 and thereafter			60,339				—
Total minimum lease payments		$	128,336			$	760
Less: imputed interest			(23,993	)			(66	)
Present value of lease liabilities		$	104,343			$	694