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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Additional Leases Information See below for additional information about the Company’s leases.

 

 

Year Ended December 31,

($ in thousands)

 

2021

 

 

2020

 

 

2019

 

 

Supplemental Income Statement Information:

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease cost

 

 $

 

24,550

 

 

 $

 

26,669

 

 

 $

 

16,980

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Supplemental Cash Flow Information:

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

Net operating cash outflows for operating leases

 

 $

 

16,278

 

 

 $

 

17,957

 

 

 $

 

19,373

 

 

Right-of-use assets obtained in exchange for lease obligations (e.g. new leases and amendments commenced during the period):

 

 $

 

4,731

 

 

 $

 

7,062

 

 

 $

 

160,657

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Information

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average remaining lease term - operating leases

 

 

 

13.28

 

years

 

 

13.72

 

  years

 

 

14.03

 

 years

Weighted-average discount rate - operating leases

 

 

 

3.52

 

 %

 

 

3.52

 

%

 

 

3.53

 

%

Schedule of Future Sublease Income and Maturities of Our Operating Lease Liabilities

As of December 31, 2021, the future sublease income and maturities of our operating lease liabilities are as follows:

 

Fiscal year ended

 

Sublease Income

 

 

Operating Leases

 

2022

 

$

 

(903

)

 

$

 

23,030

 

2023

 

 

 

(903

)

 

 

 

22,022

 

2024

 

 

 

(903

)

 

 

 

20,130

 

2025

 

 

 

(451

)

 

 

 

17,401

 

2026

 

 

 

 

 

 

 

16,307

 

Thereafter

 

 

 

 

 

 

 

162,584

 

Total Payments

 

$

 

(3,160

)

 

$

 

261,474

 

 

 

 

 

 

 

 

 

 

Less: Tenant improvement allowances

 

 

 

 

(14,303

)

Less: Present value adjustment

 

 

 

 

(55,281

)

Total

 

 

$

 

191,890