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Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Additional Leases Information See below for additional information about the Company’s leases.

 

 

 

Three Months Ended

 

 

March 31,

($ in thousands)

 

2022

 

2021

Supplemental Income Statement Information:

 

 

 

 

 

 

 

 

Operating lease cost

 

$

5,597

 

 

$

7,154

 

 

 

 

 

 

 

 

 

 

Supplemental Cash Flow Information:

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

Net operating cash outflows for operating leases

 

$

5,767

 

 

$

5,980

 

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

 

$

               —

 

 

$

321

 

 

 

 

 

 

 

 

 

 

Other Information

 

 

 

 

 

 

 

 

Weighted-average remaining lease term - operating leases

 

 

13.16

years

 

 

13.69

 years

Weighted-average discount rate - operating leases

 

 

3.52

%

 

 

3.52

 %

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

As of March 31, 2022, the future sublease income and maturities of our operating lease liabilities are as follows:

 

Fiscal year ended

 

Sublease Income

 

Operating Leases

Remainder of 2022

 

$

                               (659)

 

$

16,792

2023

 

 

                               (878)

 

 

21,964

2024

 

 

                               (878)

 

 

20,066

2025

 

 

                               (439)

 

 

17,375

2026

 

 

                                  —

 

 

16,300

Thereafter

 

 

                                  —

 

 

162,584

Total Payments

 

$

                            (2,854)

 

$

255,081

 

 

 

 

 

 

 

Less: Tenant improvement allowances

 

 

                          (14,303)

Less: Present value adjustment

 

 

                          (53,371)

Total

 

$

187,407