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Leases (Tables)
12 Months Ended
Dec. 31, 2022
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,

 

 

 

2022

 

 

2021

 

 

2020

 

Lease cost:

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease cost

 

$

13,008

 

 

$

13,522

 

 

$

11,772

 

Short-term lease cost

 

 

582

 

 

 

558

 

 

 

1,158

 

Variable lease cost

 

 

514

 

 

 

1,224

 

 

 

1,382

 

Total lease cost

 

$

14,104

 

 

$

15,304

 

 

$

14,312

 

Other information:

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

14,224

 

 

$

15,772

 

 

$

17,497

 

ROU assets obtained in exchange for new operating lease liabilities

 

$

1,563

 

 

$

2,420

 

 

$

743

 

Weighted average remaining lease term in years – operating leases

 

 

7.5

 

 

 

8.3

 

 

 

9.1

 

Weighted average discount rate – operating leases

 

 

6.1

%

 

 

6.1

%

 

 

6.1

%

 

Schedule of Maturities of Operating Lease Liabilities

The following table presents the maturities of the Company’s operating lease liabilities as of December 31, 2022 (in thousands):

 

For the year ended December 31,

 

 

 

 

2023

 

$

14,446

 

2024

 

 

12,798

 

2025

 

 

12,429

 

2026

 

 

12,569

 

2027

 

 

12,116

 

Thereafter

 

 

31,750

 

Total lease payments

 

 

96,108

 

Less: imputed interest

 

 

(18,712

)

Total

 

$

77,396

 

 

 

 

 

 

Reported as:

 

 

 

 

Current operating lease liabilities

 

$

10,052

 

Non-current operating lease liabilities

 

 

67,344

 

Total

 

$

77,396