XML 39 R29.htm IDEA: XBRL DOCUMENT v3.22.2.2
Leases (Tables)
9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Summary of Lease Cost

The Company’s lease cost is recognized on a straight-line basis over the lease term. Lease cost consists of the following:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30, 2022

 

 

September 30, 2021

 

 

September 30, 2022

 

 

September 30, 2021

 

Operating lease cost

 

$

9,411

 

 

$

8,557

 

 

$

28,349

 

 

$

26,004

 

Finance lease cost - amortization of right-of-use assets

 

 

105

 

 

 

 

 

 

105

 

 

 

 

Finance lease cost - interest

 

 

21

 

 

 

 

 

 

21

 

 

 

 

Short-term lease cost

 

 

76

 

 

 

91

 

 

 

353

 

 

 

327

 

Variable lease cost

 

 

59

 

 

 

13

 

 

 

106

 

 

 

32

 

Sublease income

 

 

(26

)

 

 

 

 

 

(64

)

 

 

 

 Total lease cost

 

$

9,646

 

 

$

8,661

 

 

$

28,870

 

 

$

26,363

 

Summary of Future Minimum Lease Payments Under Non-Cancellable Operating and Finance Leases

Future minimum lease payments under non-cancellable operating and finance leases as of September 30, 2022 were as follows:

 

 

 

Operating

 

 

Finance

 

September 30, 2023

 

$

25,245

 

 

$

2,221

 

September 30, 2024

 

 

24,416

 

 

 

2,423

 

September 30, 2025

 

 

23,673

 

 

 

2,423

 

September 30, 2026

 

 

22,399

 

 

 

2,423

 

September 30, 2027

 

 

18,151

 

 

 

2,423

 

Thereafter

 

 

145,745

 

 

 

5,045

 

Total future minimum lease payments

 

 

259,629

 

 

 

16,958

 

Less: Interest

 

 

(49,189

)

 

 

(1,909

)

Total lease liabilities

 

$

210,440

 

 

$

15,049

 

 

Operating lease liabilities - current

 

$

22,959

 

Operating lease liabilities - non-current

 

 

187,481

 

Finance lease liabilities - current

 

 

1,779

 

Finance lease liabilities - non-current

 

 

13,270

 

Total lease liabilities

 

$

225,489

 

 

Summary of Other Information Related to Operating and Finance Leases

Other information related to operating and finance leases is as follows:

 

 

September 30, 2022

 

 

September 30, 2021

 

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

 

 

 

 

 

 

Operating cash outflows for operating leases

 

$

30,038

 

 

$

18,743

 

Right-of-use assets obtained in exchange for operating lease liabilities

 

$

13,434

 

 

$

1,002

 

Property and equipment obtained in exchange for finance lease liabilities

 

$

15,027

 

 

 

 

Weighted-average remaining lease term

 

 

 

 

 

 

Operating leases

 

 

11.6

 

 

 

5.7

 

Finance leases

 

 

7.1

 

 

 

 

Weighted-average discount rate

 

 

 

 

 

 

Operating leases

 

 

3.3

%

 

 

3.3

%

Finance leases

 

 

3.4

%