Leases (Tables)

6 Months Ended

Jun. 30, 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:

	June 30, 2024		December 31, 2023
	(Amounts in Thousands)
Operating lease assets, net	$	44,145	$	45,433
Short-term operating lease liabilities (in accrued expenses)		11,224		11,339
Long-term operating lease liabilities		38,359		39,711
Total operating lease liabilities	$	49,583	$	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 June 30, (Amounts in Thousands)						For the Six Months Ended June 30, (Amounts in Thousands)
	2024			2023			2024			2023
Operating lease costs	$	3,373		$	3,292		$	6,669		$	6,334
Short-term lease costs		179			284			380			700
Total lease costs		3,552			3,576			7,049			7,034
Less: sublease income		(491	)		(700	)		(1,089	)		(1,399	)
Total lease costs, net	$	3,061		$	2,876		$	5,960		$	5,635

Schedule of Weighted Average Remaining Lease Terms and Discount Rates

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

	June 30, 2024			December 31, 2023
Operating leases:
Weighted average remaining lease term (years)		5.98			6.26
Weighted average discount rate		5.80	%		5.47	%

Summary of Remaining Operating Lease Payments

Remaining operating lease payments as of June 30, 2024 were as follows:

	Operating Leases
	(Amounts in Thousands)
Due in the 12-month period ended June 30,
2025	$	7,368
2026		11,955
2027		9,534
2028		6,974
2029		5,707
Thereafter		17,799
Total future minimum rental commitments		59,337
Less: Imputed interest		(9,754	)
Total lease liabilities	$	49,583

Supplemental Cash Flows Information

	For the Six Months Ended June 30,
	(Amounts in Thousands)
	2024		2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	7,224	$	7,010
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	4,509	$	14,415