Leases

6 Months Ended

Jun. 30, 2022

(8) Leases

The Company enters into leases for real estate and equipment. Real estate leases are for our corporate office space and laboratories around the world. Real estate leases have remaining lease terms of less than 1 year to 18 years. Many of the Company’s leases include options to extend the leases on a month to month basis or for set periods for up to 20 years. Many leases also include options to terminate the leases within 1 year or per other contractual terms.

The components of lease expense were as follows (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Operating lease cost	$	6,375	$	5,817	$	12,875	$	11,547
Variable lease cost		2,097		1,112		4,113		2,816

Supplemental cash flow information related to the leases was as follows (in thousands):


	Six Months Ended June 30,
	2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	8,257	$	8,185

Right-of-use assets obtained in exchange for lease obligations:
Operating leases		18,222		4,851

Supplemental balance sheet information related to the leases was as follows (in thousands):


	As of
	June 30,			December 31,
	2022			2021
Operating lease right-of-use assets	$	135,389		$	129,558

Other current liabilities	$	18,770		$	16,276
Operating lease liabilities		134,977			130,965
Total operating lease liabilities	$	153,747		$	147,241

Weighted Average Remaining Lease Term (years)
Operating leases	11.4				12.0
Weighted Average Discount Rate
Operating leases		5.3	%		5.5	%

Lease payments due related to lease liabilities as of June 30, 2022 were as follows (in thousands):


	Related Party			Non-Related Parties			Total
	Operating Leases			Operating Leases			Operating Leases
Remainder of 2022	$	5,471		$	6,935		$	12,406
2023		11,025			13,855			24,880
2024		11,154			10,851			22,005
2025		11,286			8,518			19,804
2026		11,422			7,124			18,546
Later years		106,988			10,230			117,218
Total lease payments		157,346			57,513			214,859
Less: imputed interest		(56,020	)		(5,092	)		(61,112	)
Total	$	101,326		$	52,421		$	153,747

As of June 30, 2022, we have several additional leases with contractual obligations, which have not yet commenced, with future payments of $14.5 million.