Leases (Tables)

3 Months Ended

Mar. 31, 2023

Leases [Abstract]

Schedule of Operating Lease Assets and Liabilities

The following table presents the assets and liabilities related to the Company’s leases:

	March 31, 2023		December 31, 2022
Lease assets:
Right-of-use assets	$	123,278	$	127,014
Total lease assets	123,278		127,014
Lease liabilities:
Current lease liabilities	21,710		22,546
Non-current lease liabilities	148,922		150,832
Total lease liabilities	$	170,632	$	173,378

Lease, Cost

The following table details the Company’s net lease expense:

	Three Months Ended March 31,
	2023		2022
Operating lease expense	$	7,436	$	6,013
Variable lease expense(1)	743		938
Net lease expense	$	8,179	$	6,951

The following table presents other relevant lease information:

	March 31, 2023
Weighted average remaining lease term (years)	5.9
Weighted average discount rate	4.5	%

Lessee, Operating Lease, Liability, Maturity

The following table presents the future maturity of lease liabilities:

	Operating Leases(1)
2023	$	20,998
2024	37,099
2025	32,337
2026	30,724
2027	27,431
Thereafter	50,154
Future minimum lease payments	198,743
Impact of discounting	28,111
Present value of lease payments	$	170,632

(1) The year 2023 and 2024 includes $7.2 million and $2.4 million, respectively, of expected cash inflows from TIAs. Operating lease payments exclude $7.5 million of legally binding minimum lease payments related to executed leases for which the Company has not yet taken possession of the leased premises.