Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Schedule of Operating Lease Balance Sheet Information

As of the dates indicated, the Company had the following related to operating leases:

	As of December 31, 2021		As of December 31, 2020
	(In thousands)
Right-of-use assets	$	83,821	$	81,596
Lease liabilities	89,296		85,330

Summary of Lease Cost

The following table is a summary of the Company’s components of net lease cost for the periods indicated:

	For the Year Ended December 31, 2021		For the Year Ended December 31, 2020
	(In thousands)
Operating lease cost	$	14,526	$	14,402
Finance lease cost	191		71
Variable lease cost	1,832		1,982
Total lease cost	$	16,549	$	16,455

Supplemental balance sheet information related to operating leases as of the dates indicated is as follows:

	As of December 31, 2021		As of December 31, 2020
Weighted-average remaining lease term (in years)	7.83		8.50
Weighted-average discount rate	2.52	%	2.65	%

Schedule of Future Minimum Lease Payments

The following table sets forth the undiscounted cash flows of base rent related to operating leases outstanding as of December 31, 2021 with payments scheduled over the next five years and thereafter, including a reconciliation to the operating lease liability recognized in other liabilities in the Company’s consolidated balance sheets:

	As of December 31, 2021
Year	(In thousands)
2022	$	15,378
2023	14,838
2024	13,608
2025	12,564
2026	10,890
Thereafter	31,444
Total minimum lease payments	98,722
Less: amount representing interest	9,426
Present value of future minimum lease payments	$	89,296