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

The components of lease expense were as follows:

 

 

 

 

 

 

December 31,

 

 

 

 

 

 

2022

 

 

2021

 

 

2020

 

 

 

(In thousands)

 

Operating lease cost

 

$

6,638

 

 

$

6,204

 

 

$

5,589

 

Variable lease cost

 

 

2,785

 

 

 

3,046

 

 

 

2,255

 

Sublease income and reimbursement of variable lease cost

 

 

(1,872

)

 

 

(2,141

)

 

 

(2,288

)

Total

 

$

7,551

 

 

$

7,109

 

 

$

5,556

 

Schedule of Lease Payments Owed Under Company's Operating Leases

The following are the lease payments owed under the Company’s operating leases as of December 31, 2022:

 

 

 

(In thousands)

 

2023

 

$

8,436

 

2024

 

 

8,732

 

2025

 

 

9,037

 

2026

 

 

9,353

 

2027

 

 

9,681

 

Thereafter

 

 

11,096

 

Total undiscounted lease payments

 

 

56,335

 

Less: Present value adjustment

 

 

(13,008

)

Total lease liability

 

$

43,327