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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Lessee Disclosure [Abstract]  
Schedule of Components of Lease Expense

The components of lease expense were as follows:

 

 

 

Year ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

 

 

(In thousands)

 

Operating lease cost

 

 

 

 

 

 

 

 

 

Operating lease cost

 

$

9,686

 

 

$

8,620

 

 

$

7,638

 

Variable lease cost (includes taxes, common area maintenance and insurance)

 

 

1,099

 

 

 

980

 

 

 

725

 

Finance lease cost

 

 

 

 

 

 

 

 

 

Depreciation of finance lease assets

 

 

271

 

 

 

280

 

 

 

280

 

Interest on lease liabilities

 

 

55

 

 

 

60

 

 

 

56

 

Total lease cost

 

$

11,111

 

 

$

9,940

 

 

$

8,699

 

Schedule of Other Information Related to Leases

Other information related to leases was as follows:

 

 

 

December 31, 2022

 

 

December 31, 2021

 

 

December 31, 2020

 

 

 

(In thousands)

 

Supplemental Cash Flows Information

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

    Operating cash flows used in operating leases (1)

 

$

9,960

 

 

$

8,878

 

 

$

7,737

 

    Operating cash flows used in finance leases (1)

 

 

55

 

 

 

60

 

 

 

56

 

Financing cash flows used in finance leases

 

 

262

 

 

 

264

 

 

 

274

 

 

(1)
Included in change in other operating assets and liabilities, net in the accompanying consolidated statements of cash flows.

 

 

 

December 31, 2022

 

 

December 31, 2021

 

 

 

(In thousands)

 

Weighted Average Remaining Lease Term

 

 

 

 

 

 

Operating leases

 

6 years

 

 

6 years

 

Finance leases

 

3 years

 

 

4 years

 

 

 

 

 

 

 

 

Weighted Average Discount Rate

 

 

 

 

 

 

Operating leases

 

 

4.2

%

 

 

4.1

%

Finance leases

 

 

6.0

%

 

 

6.2

%

Schedule of Future Minimum Lease Payments Under Non-Cancellable Leases

Future minimum lease payments under non-cancellable leases were as follows:

 

 

Operating Leases

 

 

Finance Leases

 

Year Ended December 31,

 

(In thousands)

 

2023

 

$

10,009

 

 

$

302

 

2024

 

 

9,745

 

 

 

269

 

2025

 

 

8,446

 

 

 

192

 

2026

 

 

8,199

 

 

 

78

 

2027

 

 

8,098

 

 

 

-

 

Thereafter

 

 

7,290

 

 

 

-

 

Total minimum rental commitments for operating leases

 

 

51,787

 

 

 

841

 

Less imputed interest

 

 

5,792

 

 

 

66

 

Total lease liabilities

 

$

45,995

 

 

$

775