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Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Summary of Components of Lease Expense

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

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

Operating lease cost

 

$

50,798

 

 

$

42,272

 

Short-term lease cost

 

 

969

 

 

 

908

 

Variable lease cost

 

 

6,742

 

 

 

5,984

 

Sublease income

 

 

(2,734

)

 

 

(3,645

)

Total lease cost

 

$

55,775

 

 

$

45,519

 

Summary of Supplemental Information Related to Leases

Supplemental information related to leases were as follows:

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

Weighted-average remaining lease term

 

7.1 years

 

 

7.9 years

 

Weighted-average discount rate

 

 

3.0

%

 

 

3.4

%

 

Summary of Maturities of Lease Commitments

Maturities of lease commitments as of December 31, 2021 were as follows (in thousands):

 

Year

 

Amount

 

2022

 

$

53,990

 

2023

 

 

50,201

 

2024

 

 

43,740

 

2025

 

 

39,020

 

2026

 

 

35,397

 

Thereafter

 

 

96,113

 

Total undiscounted lease commitments

 

 

318,461

 

Less: commitments for leases not yet commenced

 

 

(249

)

Less: interest

 

 

(33,614

)

Present value of lease liabilities

 

 

284,598

 

Less: operating lease liabilities, current

 

 

(46,149

)

Operating lease liabilities, non-current

 

$

238,449