Leases

6 Months Ended

Jun. 30, 2022

The Company has operating leases for corporate and field offices, and certain equipment. The Company’s leases have remaining lease terms of less than 1 year to 8 years, some of which include options to extend the leases for up to 10 years, and some of which include options to terminate the leases within 1 year. Operating lease expenses were $22.5 million and $45.1 million for the three and six months ended June 30, 2022, respectively, and $21.7 million and $43.2 million for the three and six months ended June 30, 2021, respectively.

Supplemental cash flow information related to leases consisted of the following (in thousands):


	Six Months Ended June 30,
	2022		2021
Cash paid for operating lease liabilities	$	46,743	$	45,531
Right-of-use assets obtained in exchange for operating lease liabilities from new leases	$	17,384	$	8,467
Right-of-use assets obtained in exchange for operating lease liabilities from lease modifications or reassessments	$	17,744	$	13,829

Supplemental balance sheet information related to leases consisted of the following:


	June 30, 2022		December 31, 2021
Weighted average remaining lease term for operating leases	3.6 years		3.9 years
Weighted average discount rate for operating leases	2.3	%	2.3	%

Future minimum lease payments under non-cancellable leases as of June 30, 2022, were as follows (in thousands):


2022 (excluding the six months ended June 30, 2022)	$	46,348
2023	79,956
2024	60,256
2025	36,690
2026	23,270
Thereafter	14,623
Less: Imputed interest	(10,552)
Present value of operating lease liabilities (a)	$	250,591

(a) Includes current portion of $84.4 million for operating leases.

As of June 30, 2022, the Company had additional future minimum lease obligations totaling $6.1 million under executed operating lease contracts that had not yet commenced. These operating leases include agreements for corporate and field office facilities with lease terms of 1 to 6 years.