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Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Summary of Components of Lease Expense

The components of lease expense were as follows (in thousands):

 

 

Year Ended

 

 

Year Ended

 

 

December 31, 2021

 

 

December 31, 2020

 

Operating lease cost

$

15,527

 

 

$

16,188

 

Short-term lease cost

 

439

 

 

 

330

 

Variable lease cost

 

5,582

 

 

 

1,871

 

Sublease income

 

(549

)

 

 

(256

)

Total lease cost

$

20,999

 

 

$

18,133

 

Summary of Additional Lease Information

Additional lease information is summarized in the following table (in thousands, except lease term and discount rate):

 

 

 

Year Ended

 

 

Year Ended

 

 

 

December 31, 2021

 

 

December 31, 2020

 

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

 

$

11,373

 

 

$

10,577

 

Operating ROU assets obtained in exchange for
    lease obligations

 

$

7,522

 

 

$

12,200

 

Weighted-average remaining lease term - operating
   leases (years)

 

 

5.9

 

 

 

6.4

 

Weighted-average discount rate - operating leases

 

 

4.3

%

 

 

4.6

%

 

Summary of Future Minimum Lease Payments Under Non-Cancellable Leases

Future minimum lease payments under non-cancelable leases and estimated future sublease cash receipts from non-cancelable arrangements as of December 31, 2021 are as follows (in thousands):

 

 

 

Operating Lease

 

 

Sublease

 

 

 

Payments

 

 

Cash Receipts

 

2022

 

$

16,607

 

 

$

839

 

2023

 

 

16,548

 

 

 

606

 

2024

 

 

16,187

 

 

 

625

 

2025

 

 

14,234

 

 

 

 

2026

 

 

12,115

 

 

 

 

Thereafter

 

 

14,871

 

 

 

 

Total lease payments

 

 

90,562

 

 

$

2,070

 

Less imputed interest

 

 

(12,532

)

 

 

 

Present value of lease liabilities

 

$

78,030

 

 

 

 

Summary of Lease Balances

Lease balances are as follows (in thousands):

 

 

 

As of

 

 

 

December 31, 2021

 

Operating lease ROU assets

 

$

65,009

 

 

 

 

 

Short-term operating lease liabilities (1)

 

$

12,992

 

Non-current operating lease liabilities

 

 

65,038

 

Total operating lease liabilities

 

$

78,030

 

(1)
Included in accrued expenses and other current liabilities in the Consolidated Balance Sheets.