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Lease Commitments (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Lease-Related Assets and Liabilities The following table presents the lease-related assets and liabilities recorded on the Company's Consolidated Balance Sheets related to its operating leases:

 

(in thousands)

 

Classification on Balance Sheet

 

December 31,
2021

 

December 31,
2020

 

Assets:

 

 

 

 

 

 

 

Operating lease

 

Operating lease right-of-use assets, net

 

$

99,369

 

$

109,315

 

Liabilities:

 

 

 

 

 

 

 

Current operating lease liabilities

 

Current operating lease liabilities

 

 

25,238

 

 

32,745

 

Noncurrent operating lease liabilities

 

Noncurrent operating lease liabilities

 

 

88,408

 

 

93,228

 

Total operating lease liabilities

 

 

 

$

113,646

 

$

125,973

 

 

 

 

 

 

 

 

 

Weighted-Average Remaining Lease Term

 

 

 

6.16 years

 

6.30 years

 

Weighted-Average Discount Rate

 

 

 

 

5.1

%

 

5.3

%

Lease Cost

The components of operating lease costs within the Company's Consolidated Statements of Operations consisted of the following:

 

 

 

Year Ended

 

(in thousands)

 

December 31, 2021

 

December 31, 2020

 

Operating lease cost

 

$

38,492

 

$

38,242

 

Variable lease cost

 

 

5,177

 

 

8,037

 

Sublease income

 

 

3,875

 

 

4,090

 

Supplemental Cash Flow Information Related to Operating leases

Supplemental cash flow information related to operating leases were as follows:

 

 

 

Year Ended

 

(in thousands)

 

December 31, 2021

 

December 31, 2020

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

Operating cash flows for operating leases

 

$

40,251

 

$

37,091

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for lease obligations

 

$

22,168

 

$

40,535

 

Operating Lease Maturities

Future undiscounted operating lease payments reconciled to total operating lease liabilities are as follows:

 

(in thousands)

 

December 31, 2021

 

2022

 

$

29,944

 

2023

 

 

22,745

 

2024

 

 

18,043

 

2025

 

 

14,278

 

2026

 

 

12,859

 

Thereafter

 

 

35,427

 

Total undiscounted lease payments

 

 

133,296

 

Less imputed interest

 

 

(19,650

)

Present value of future lease payments

 

$

113,646