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Leases (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Components of Lease Cost
The components of lease costs were as follows for the years ended December 31, 2020, 2021, and 2022 (in thousands)
 202020212022
Lease Cost:
Operating lease cost(1)
$28,337 $53,957 $28,404 
Short-term lease cost534 1,768 641 
Sublease income(2,240)(2,255)(1,135)
Total lease costs$26,631 $53,470 $27,910 
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(1)During the years ended December 31, 2020, 2021 and 2022, operating lease cost includes $0.8 million, $18.9 million, and $1.2 million of right-of-use lease asset impairment charges, respectively, related to redundant leased space that was vacated during the year.
The following table provides a summary of the Company’s average lease term and discount rate as of December 31, 2021 and 2022:
As of December 31, 2021As of December 31, 2022
Weighted average remaining lease term (years)7.87.2
Weighted average discount rate4.01 %4.05 %
Supplemental information related to the Company’s leases for the years ended December 31, 2020, 2021, and 2022 (in thousands):
Year ended December 31, 2020Year ended December 31, 2021Year ended December 31, 2022
Cash paid for amounts included in the measurement of lease liabilities$32,510 $43,021 $35,138 
Right-of-use assets obtained in exchange for operating lease liabilities$12,763 $79,953 $4,674 
Maturities of Lease Liabilities
Maturities of lease liabilities (in thousands):
Year Ending December 31,
2023$29,704 
202429,128 
202525,316 
202622,744 
202719,802 
Thereafter57,135 
Total lease payments183,829 
Less: interest(25,944)
Present value of lease liabilities$157,885