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Leases (Tables)
3 Months Ended
Mar. 31, 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

 

 

 

March 31, 2022

 

 

March 31, 2021

 

Operating lease cost

 

$

9,502

 

 

$

8,793

 

Short-term lease cost

 

 

133

 

 

 

131

 

Variable lease cost

 

 

20

 

 

 

10

 

Sublease income

 

 

(10

)

 

 

 

Total lease cost

 

$

9,645

 

 

$

8,934

 

Summary of Future Minimum Lease Payments Under Non-Cancellable Leases

Future minimum lease payments under non-cancellable leases as of March 31, 2022 were as follows:

March 31, 2023

 

$

33,057

 

March 31, 2024

 

 

20,984

 

March 31, 2025

 

 

23,628

 

March 31, 2026

 

 

21,643

 

March 31, 2027

 

 

20,369

 

Thereafter

 

 

152,425

 

Total future minimum lease payments

 

 

272,106

 

Less:  Interest

 

 

(51,719

)

Total operating lease liabilities

 

$

220,387

 

 

 

 

 

 

Operating lease liabilities - current

 

$

30,530

 

Operating lease liabilities - non-current

 

 

189,857

 

Total operating lease liabilities

 

$

220,387

 

Summary of Other Information Related to Operating Leases

Other information related to operating leases is as follows:

 

 

March 31, 2022

 

 

March 31, 2021

 

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

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

10,110

 

 

$

4,130

 

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

 

$

2,952

 

 

$

142

 

Weighted-average remaining lease term - operating leases

 

 

11.5

 

 

 

5.8

 

Weighted-average discount rate - operating leases

 

 

3.2

%

 

 

3.4

%