Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Amounts Reported in Unaudited and Audited Condensed Consolidated Balance Sheets for Operating Leases

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

	March 31, 2024		December 31, 2023
	(Amounts in Thousands)
Operating lease assets, net	$	44,699	$	45,433
Short-term operating lease liabilities (in accrued expenses)		11,307		11,339
Long-term operating lease liabilities		39,044		39,711
Total operating lease liabilities	$	50,351	$	51,050

Components of Lease Costs Reported in General and Administrative Expenses in Unaudited Condensed Consolidated Statements of Income

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

	For the Three Months Ended March 31,  (Amounts in Thousands)
	2024			2023
Operating lease costs	$	3,296		$	3,042
Short-term lease costs		201			416
Total lease costs		3,497			3,458
Less: sublease income		(598	)		(700	)
Total lease costs, net	$	2,899		$	2,758

Schedule of Weighted Average Remaining Lease Terms and Discount Rates

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

	March 31, 2024			December 31, 2023
Operating leases:
Weighted average remaining lease term		6.11			6.26
Weighted average discount rate		5.64	%		5.47	%

Summary of Remaining Operating Lease Payments

Remaining operating lease payments as of March 31, 2024 were as follows:

	Operating Leases
	(Amounts in Thousands)
Due in the 12-month period ended March 31,
2025	$	10,663
2026		11,299
2027		8,959
2028		6,493
2029		5,496
Thereafter		17,390
Total future minimum rental commitments		60,300
Less: Imputed interest		(9,949	)
Total lease liabilities	$	50,351

Supplemental Cash Flows Information

	For the Three Months Ended March 31,
	(Amounts in Thousands)
	2024		2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	3,589	$	3,374
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	2,137	$	10,836