Leases

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Leases

2. 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

Lease Costs

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

Lease Term and Discount Rate

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	%

Maturity of Lease Liabilities

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

Commencing on November 14, 2022, the Company sublet a portion of its corporate headquarters space in Frisco, Texas to a third party under a two-year sublease term for a monthly base rent of $0.1 million.