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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Summary of company's operating leases

The following table presents information on the Company’s operating leases for the years ended December 31, 2022 and 2021 (in thousands):

 

 

Years Ended December 31,

 

 

 

2022

 

 

2021

 

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

 

$

86,614

 

 

$

78,984

 

Right-of-use assets obtained in exchange for operating lease obligations

 

$

37,004

 

 

$

59,768

 

Weighted average remaining lease term (in years)

 

 

6.2

 

 

 

7.5

 

Weighted average discount rate

 

 

6.7

%

 

 

6.6

%

Summary of undiscounted cash flow for the operations lease

The following table reconciles the undiscounted cash flows for the operating leases as of December 31, 2022 to the operating lease liabilities recorded in the consolidated balance sheet (in thousands):

 

 

Years Ending

 

 

 

December 31,

 

2023

 

$

88,316

 

2024

 

 

85,941

 

2025

 

 

80,394

 

2026

 

 

76,950

 

2027

 

 

60,977

 

Thereafter

 

 

87,328

 

Total future minimum lease payments

 

 

479,906

 

Less: imputed interest

 

 

(86,637

)

Present value of future minimum lease payments

 

 

393,269

 

Less: current portion of operating lease liabilities

 

 

(65,381

)

Long-term operating lease liabilities

 

$

327,888