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Lease Commitments (Tables)
12 Months Ended
Dec. 31, 2022
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,
2022

 

December 31,
2021

 

Assets:

 

 

 

 

 

 

 

Operating lease

 

Operating lease right-of-use assets, net

 

$

93,334

 

$

99,369

 

Liabilities:

 

 

 

 

 

 

 

Current operating lease liabilities

 

Current operating lease liabilities

 

 

22,910

 

 

25,238

 

Noncurrent operating lease liabilities

 

Noncurrent operating lease liabilities

 

 

84,628

 

 

88,408

 

Total operating lease liabilities

 

 

 

$

107,538

 

$

113,646

 

 

 

 

 

 

 

 

 

Weighted-Average Remaining Lease Term

 

 

 

5.64 years

 

6.16 years

 

Weighted-Average Discount Rate

 

 

 

 

5.4

%

 

5.1

%

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, 2022

 

December 31, 2021

 

Operating lease cost

 

$

31,860

 

$

38,492

 

Variable lease cost

 

 

8,438

 

 

5,177

 

Sublease income

 

 

167

 

 

3,875

 

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, 2022

 

December 31, 2021

 

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

 

 

 

 

 

Operating cash flows for operating leases

 

$

31,820

 

$

40,251

 

 

 

 

 

 

 

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

 

$

27,389

 

$

22,168

 

Operating Lease Maturities

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

 

(in thousands)

 

December 31, 2022

 

2023

 

$

28,023

 

2024

 

 

24,670

 

2025

 

 

18,989

 

2026

 

 

15,317

 

2027

 

 

11,891

 

Thereafter

 

 

26,515

 

Total undiscounted lease payments

 

 

125,405

 

Less imputed interest

 

 

(17,867

)

Present value of future lease payments

 

$

107,538