Lease Commitments (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

operating leases balance sheet

As of December 31, 2021 and 2020, the Company’s operating lease components with initial or remaining terms in excess of one year were classified on the consolidated balance sheet as follows, together with certain supplemental balance sheet information:

(In thousands)	Classification	2021			2020
Assets
Right-of-use assets	Right-of-use assets	$	66,563		$	45,924
Liabilities
Short-term lease liability	Other accrued liabilities	10,638			9,960
Long-term lease liability	Long-term lease liability	60,101			39,730
Total lease liabilities		$	70,739		$	49,690
Lease Term and Discount Rate
Weighted average remaining lease term (years)		9.2			7.9
Weighted average discount rate		4.2		%	5.0		%

Lease, Cost

Expense for leases less than 12 months for the year ended December 31, 2021, 2020 and 2019 were not material. The components of lease expense for the year ended December 31, 2021, 2020 and 2019 are as follows:

(In thousands)	2021		2020		2019
Operating lease cost	$	13,127	$	13,576	$	12,538

Lease Operating Lease, Cash Flow Information

The Company combines the amortization of the right-of-use assets and the change in the operating lease liability in the same line item in the Statement of Cash Flows. Other information related to the Company’s operating leases for the year ended December 31, 2021, 2020 and 2019 are as follows:

(In thousands)	2021		2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from leases	$	11,009	$	10,806	$	11,137
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	31,492	$	5,133	$	9,077

Lessee, Operating Lease, Liability, Maturity

Future minimum lease payments for noncancellable operating leases as of December 31, 2021, were as follows:

(In thousands)	2021
One Year	$	13,340
Two Years	11,612
Three Years	8,690
Four Years	7,860
Five Years	7,473
Beyond Five Years	37,474
Total	$	86,449
Less: Interest	15,710
Present value of lease liabilities	$	70,739