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Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Components of Lease Cost and Other Lease

The following table presents the Company’s total lease cost and other lease details for the periods indicated (in thousands, except years and discount rates):

 

 

 

Years Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Lease cost:

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease cost

 

$

13,522

 

 

$

11,772

 

 

$

15,020

 

Short-term lease cost

 

 

558

 

 

 

1,158

 

 

 

2,015

 

Variable lease cost

 

 

1,224

 

 

 

1,382

 

 

 

1,175

 

Total lease cost

 

$

15,304

 

 

$

14,312

 

 

$

18,210

 

Other information:

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

15,772

 

 

$

17,497

 

 

$

15,614

 

ROU assets obtained in exchange for new operating lease liabilities

 

$

2,420

 

 

$

743

 

 

$

5,016

 

Weighted average remaining lease term in years – operating leases

 

 

8.3

 

 

 

9.1

 

 

 

10.0

 

Weighted average discount rate – operating leases

 

 

6.1

%

 

 

6.1

%

 

 

6.0

%

 

Schedule of Maturities of Operating Lease Liabilities

The following table presents the maturities of the Company’s operating lease liabilities as of December 31, 2021 (in thousands):

 

For the year ended December 31,

 

 

 

 

2022

 

$

14,123

 

2023

 

 

14,213

 

2024

 

 

12,581

 

2025

 

 

12,202

 

2026

 

 

12,330

 

Thereafter

 

 

43,920

 

Total lease payments

 

 

109,369

 

Less: imputed interest

 

 

(23,550

)

Total

 

$

85,819

 

 

 

 

 

 

Reported as:

 

 

 

 

Current operating lease liabilities

 

$

9,211

 

Non-current operating lease liabilities

 

 

76,608

 

Total

 

$

85,819