Leases (Tables)

9 Months Ended

Sep. 30, 2022

Leases [Abstract]

Summary of Lease Cost

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

	As of September 30, 2022		As of December 31, 2021
	(In thousands)
Right-of-use assets	$	60,247	$	83,821
Lease liabilities	64,265		89,296

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
	(In thousands)
Operating lease cost	$	3,620	$	3,478	$	10,999	$	10,560
Finance lease cost	90		50		270		116
Variable lease cost	606		617		2,036		1,564
Total lease cost	$	4,316	$	4,145	$	13,305	$	12,240

Summary of Other Information Related to Leases

Supplemental balance sheet information related to operating leases are as follows:

	As of September 30, 2022		As of December 31, 2021
Weighted-average remaining lease term (in years)	7.17		7.83
Weighted-average discount rate	2.58	%	2.52	%

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 September 30, 2022 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 September 30, 2022
Year	(In thousands)
Remainder of 2022	$	3,715
2023	14,255
2024	11,446
2025	9,350
2026	7,868
Thereafter	24,086
Total minimum lease payments	70,720
Less: amount representing interest	6,455
Present value of future minimum lease payments	$	64,265