Leases

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Leases

LEASES

The Company has operating leases for corporate offices under non-cancelable operating leases with various expiration dates. There are no finance leases. The leases have remaining terms of 1 to 14 years. Options to extend for up to 10 years have not been included because they are not reasonably certain.

The components of lease expense were as follows:

	Three Months Ended March 31,
in thousands	2022		2021
Operating lease cost	$	7,501	$	5,704
Variable and short-term lease cost	2,449		3,121

Other information related to leases was as follows:

	As of March 31,		As of December 31,
	2022		2021
Weighted average remaining lease term	11.3 years		11.9 years
Weighted average discount rate	2.04	%	2.07	%

As of March 31, 2021, the maturities of lease liabilities under non-cancelable operating leases, net of lease incentives, was as follows:

	As of March 31,
in thousands	2022
Remainder of 2022	18,304
2023	14,846
2024	28,811
2025	30,958
2026	31,622
Thereafter	208,606
Total minimum lease payments	$	333,147
Less: imputed interest	(38,146)
Total	$	295,001