XML 51 R35.htm IDEA: XBRL DOCUMENT v3.22.4
Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Schedule of Present Value of Lease Payments for Remaining Lease Term

Based on the present value of the lease payments for the remaining lease term of the Company’s existing leases, the Company’s right-of-use assets and lease liabilities for operating leases as of December 31, 2022 and 2021 were as follows:

 

 

 

 

 

December 31,

 

(in thousands)

 

Classification

 

2022

 

 

2021

 

Assets

 

 

 

 

 

 

 

 

Operating lease right-of-use assets

 

Other assets

 

$

61,072

 

 

$

47,487

 

Liabilities

 

 

 

 

 

 

 

 

Current operating lease liabilities

 

Other accrued expenses

 

 

21,584

 

 

 

20,415

 

Noncurrent operating lease liabilities

 

Other long-term liabilities

 

 

56,371

 

 

 

40,444

 

          Total lease liabilities

 

 

 

$

77,955

 

 

$

60,859

 

Schedule of Right-of-use Assets and Related Lease Liabilities

Information related to the Company’s right-of-use assets and related lease liabilities were as follows:

 

 

 

Year Ended December 31,

 

(in thousands)

 

2022

 

 

2021

 

 

2020

 

Cash paid for operating lease liabilities

 

$

23,298

 

 

$

25,022

 

 

 

42,670

 

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

 

 

31,007

 

 

 

19,869

 

 

 

7,496

 

Weighted-average remaining lease term

 

 

4.2

 

 

 

4.1

 

 

 

4.7

 

Weighted-average discount rate

 

 

8.6

%

 

 

7.7

%

 

 

9.8

%

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities as of December 31, 2022 were as follows:

 

(in thousands)

 

 

 

2023

 

$

27,003

 

2024

 

 

22,623

 

2025

 

 

17,042

 

2026

 

 

12,651

 

2027

 

 

7,182

 

Thereafter

 

 

7,592

 

Total lease payments

 

$

94,093

 

Less imputed interest

 

 

(16,138

)

Present value of lease liabilities

 

$

77,955