Leases (Tables)

3 Months Ended

Mar. 31, 2023

Leases [Abstract]

Summary of Lease Costs

The components of lease costs for the three months ended March 31, 2023 and March 31, 2022 are as follows (in thousands):

	Three Months Ended
	March 31, 2023			March 31, 2022
Operating lease cost	$	16,625		$	16,176
Short-term lease cost		3,663			3,480
Amortization of right-of-use assets		516			548
Interest on lease liabilities		33			21
Sublease income		(1,124	)		(1,035	)
Total lease cost	$	19,713		$	19,190

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases for the three months ended March 31, 2023 and March 31, 2022 is as follows (in thousands):

	Three Months Ended
	March 31, 2023		March 31, 2022
Operating cash flows for operating leases	$	17,785	$	17,506
Operating cash flows for finance leases		33		21
Financing cash flows from finance leases		516		511
Right-of-use assets obtained in exchange for new operating lease liabilities		4,707		2,304
Right-of-use assets obtained in exchange for new finance lease liabilities	$	1,228	$	-

Schedule of Supplemental Balance Sheet and Other Information Related to Leases

Supplemental balance sheet and other information related to leases as of March 31, 2023 and December 31, 2022 are as follows (in thousands):

	March 31, 2023			December 31, 2022
Operating Leases:
Right-of-use assets	$	148,095		$	155,090
Lease liabilities:
Current	$	55,606		$	59,144
Long-term		107,482			111,417
Total operating lease liabilities	$	163,088		$	170,561
Finance Leases:
Other noncurrent assets	$	4,677		$	3,965
Accrued expenses and other current liabilities	$	1,866		$	1,746
Other long-term liabilities	$	2,814		$	2,246
Weighted Average Remaining Lease Term:
Operating leases	3.5 Year			3.6 years
Finance leases	2.8 Years			2.6 years
Weighted Average Discount Rate:
Operating leases		3.5	%		3.4	%
Finance leases		3.5	%		2.8	%

Schedule of Maturity Analysis of Future Undiscounted Cash Flows

A maturity analysis of the future undiscounted cash flows associated with the Company’s operating and finance lease liabilities as of March 31, 2023 is as follows (in thousands):

	Operating Leases			Finance Leases
2023 (remaining)	$	47,319		$	1,559
2024		47,657			1,620
2025		36,241			1,159
2026		21,466			542
2027		9,869			45
Thereafter		11,958			-
Total lease payments		174,510			4,925
Less: imputed interest		(11,422	)		(245	)
Total present value of lease liabilities	$	163,088		$	4,680