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Lease Commitments (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Summary of Maturities of Lease Liabilities for Operating Liabilities

Maturities for the Company’s lease liabilities for all operating leases as of December 31, 2021 are as follows:

 

Year

 

Total Operating Leases

 

(amounts in thousands)

 

 

 

 

2022

 

$

6,514

 

2023

 

 

4,978

 

2024

 

 

3,337

 

2025

 

 

2,257

 

2026

 

 

1,697

 

2027 & thereafter

 

 

4,563

 

Total undiscounted operating lease payments

 

 

23,346

 

Less: Interest

 

 

(1,290

)

Total present value of operating lease liabilities

 

$

22,056

 

Summary of Weighted Average Remaining Lease Term, Discount Rate and Supplemental Cash Flow Information for All Operating Leases

 

The weighted average remaining lease term and discount rate for all operating leases as of December 31, 2021 are as follows:

 

 

 

December 31, 2021

 

Weighted average remaining lease term (years)

 

 

5.98

 

Weighted average remaining discount rate

 

 

2.08

%

 

 

 

Supplemental cash flow information related to the Company’s operating leases for 2021 is as follows:

 

(amounts in thousands)

 

December 31, 2021

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

Operating cash outflow from operating leases

 

 

7,611

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

 

6,522