Leases

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Leases

2. Leases

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

	December 31,
	2021		2020
	(Amounts in Thousands)
Operating lease assets, net	$	36,048	$	37,991
Short-term operating lease liabilities (in accrued expenses)		9,774		9,283
Long-term operating lease liabilities		32,859		35,516
Total operating lease liabilities	$	42,633	$	44,799

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)
	2021			2020			2019
Operating lease costs	$	11,150		$	9,197		$	7,219
Short-term lease costs		739			761			585
Total lease costs		11,889			9,958			7,804
Less: sublease income		(679	)		(323	)		(312	)
Total lease costs, net	$	11,210		$	9,635		$	7,492

Lease Term and Discount Rate

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

	December 31,
	2021			2020			2019
Operating leases:
Weighted average remaining lease term		6.39			6.97			3.42
Weighted average discount rate		3.91	%		4.18	%		5.14	%

Maturity of Lease Liabilities

Remaining operating lease payments as of December 31, 2021 were as follows:

	Operating Leases
	(Amounts in Thousands)
Due in 12-month period ended December 31,
2022	$	11,040
2023		9,245
2024		7,104
2025		4,028
2026		3,423
Thereafter		13,618
Total future minimum rental commitments		48,458
Less: Imputed interest		(5,825	)
Total lease liabilities	$	42,633

Supplemental cash flows information

	For the Years Ended December 31,
	(Amounts in Thousands)
		2021		2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	11,288	$	8,769	$	7,574
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	7,705	$	25,807	$	10,299