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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Amounts Reported on Consolidated Balance Sheets for Operating Leases

Amounts reported on the Company’s Consolidated Balance Sheets for operating leases were as follows:

 

 

 

December 31,

 

 

 

2022

 

 

2021

 

 

 

(Amounts in Thousands)

 

Operating lease assets, net

 

$

38,980

 

 

$

36,048

 

Short-term operating lease liabilities (in accrued expenses)

 

 

10,801

 

 

 

9,774

 

Long-term operating lease liabilities

 

 

35,479

 

 

 

32,859

 

Total operating lease liabilities

 

$

46,280

 

 

$

42,633

 

Components of Lease Cost Reported in General and Administrative Expenses in Consolidated Statements of Income

Components of lease costs were reported in general and administrative expenses in the Company’s Consolidated Statements of Income as follows:

 

 

 

For the Years Ended December 31,

 

 

 

(Amounts in Thousands)

 

 

 

2022

 

 

2021

 

 

2020

 

Operating lease costs

 

$

11,354

 

 

$

11,150

 

 

$

9,197

 

Short-term lease costs

 

 

2,885

 

 

 

739

 

 

 

761

 

Total lease costs

 

 

14,239

 

 

 

11,889

 

 

 

9,958

 

Less: sublease income

 

 

(951

)

 

 

(679

)

 

 

(323

)

Total lease costs, net

 

$

13,288

 

 

$

11,210

 

 

$

9,635

 

Schedule of Weighted Average Remaining Lease Terms and Discount Rates

Weighted average remaining lease terms and discount rates were as follows:

 

 

 

December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Operating leases:

 

 

 

 

 

 

 

 

 

Weighted average remaining lease term

 

 

5.82

 

 

 

6.39

 

 

 

6.97

 

Weighted average discount rate

 

 

3.98

%

 

 

3.91

%

 

 

4.18

%

Summary of Remaining Operating Lease Payments

Remaining operating lease payments as of December 31, 2022 were as follows:

 

 

 

Operating Leases

 

 

 

(Amounts in Thousands)

 

Due in 12-month period ended December 31,

 

 

 

2023

 

$

12,470

 

2024

 

 

10,340

 

2025

 

 

7,246

 

2026

 

 

5,602

 

2027

 

 

4,241

 

Thereafter

 

 

12,115

 

Total future minimum rental commitments

 

 

52,014

 

Less: Imputed interest

 

 

(5,734

)

Total lease liabilities

 

$

46,280

 

Supplemental Cash Flows Information

 

 

For the Years Ended December 31,

 

 

 

(Amounts in Thousands)

 

 

 

2022

 

 

2021

 

 

2020

 

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

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

13,015

 

 

$

11,288

 

 

$

8,769

 

Right-of-use assets obtained in exchange for lease obligations:

 

 

 

 

 

 

 

 

 

Operating leases

 

$

14,746

 

 

$

7,705

 

 

$

25,807