Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Summary of Weighted Average Remaining Lease Term and Discount Rate and Leases within Condensed Consolidated Statement of Operations

Following is a summary of the weighted average remaining lease term and the weighted average discount rate for the Company’s leases:

	December 31, 2021		December 31, 2020
Weighted average remaining lease term:
Operating leases	8.3 years		9.4 years
Financing leases	12.5 years		13.4 years
Weighted average discount rate:
Operating leases	3.6	%	4.0	%
Financing leases	3.1	%	3.2	%

Following is a summary of the Company’s leases within the consolidated statements of operations:

	Fiscal Year
(in thousands)	2021		2020		2019
Operating lease costs	$	26,385	$	24,823	$	18,820
Short-term and variable leases	17,245		15,305		13,605
Depreciation expense from financing leases	5,656		4,678		5,967
Interest expense on financing lease obligations	2,301		1,728		2,714
Total lease cost	$	51,587	$	46,534	$	41,106

Summary of Future Minimum Lease Payments for Noncancelable Operating Leases

Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of December 31, 2021:

(in thousands)	Operating Leases		Financing Leases
2022	$	26,026	$	7,145
2023	24,893		7,201
2024	20,639		7,396
2025	16,740		7,593
2026	15,575		6,100
Thereafter	65,695		49,728
Total minimum lease payments including interest	$	169,568	$	85,163
Less:  Amounts representing interest	25,474		14,097
Present value of minimum lease principal payments	144,094		71,066
Less:  Current portion of lease liabilities - operating and financing leases	22,048		6,060
Noncurrent portion of lease liabilities - operating and financing leases	$	122,046	$	65,006

Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of December 31, 2020:

(in thousands)	Operating Leases		Financing Leases
2021	$	24,056	$	7,079
2022	20,970		7,145
2023	18,125		7,201
2024	15,330		7,396
2025	13,747		7,593
Thereafter	77,353		55,827
Total minimum lease payments including interest	$	169,581	$	92,241
Less:  Amounts representing interest	29,892		16,397
Present value of minimum lease principal payments	139,689		75,844
Less:  Current portion of lease liabilities - operating and financing leases	19,766		5,860
Noncurrent portion of lease liabilities - operating and financing leases	$	119,923	$	69,984

Summary of Future Minimum Lease Payments for Noncancelable Finance Leases

Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of December 31, 2021:

(in thousands)	Operating Leases		Financing Leases
2022	$	26,026	$	7,145
2023	24,893		7,201
2024	20,639		7,396
2025	16,740		7,593
2026	15,575		6,100
Thereafter	65,695		49,728
Total minimum lease payments including interest	$	169,568	$	85,163
Less:  Amounts representing interest	25,474		14,097
Present value of minimum lease principal payments	144,094		71,066
Less:  Current portion of lease liabilities - operating and financing leases	22,048		6,060
Noncurrent portion of lease liabilities - operating and financing leases	$	122,046	$	65,006

Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of December 31, 2020:

(in thousands)	Operating Leases		Financing Leases
2021	$	24,056	$	7,079
2022	20,970		7,145
2023	18,125		7,201
2024	15,330		7,396
2025	13,747		7,593
Thereafter	77,353		55,827
Total minimum lease payments including interest	$	169,581	$	92,241
Less:  Amounts representing interest	29,892		16,397
Present value of minimum lease principal payments	139,689		75,844
Less:  Current portion of lease liabilities - operating and financing leases	19,766		5,860
Noncurrent portion of lease liabilities - operating and financing leases	$	119,923	$	69,984

Summary of Balances Related to Lease Portfolio within Consolidated Statement of Cash Flow

Following is a summary of the Company’s leases within the consolidated statements of cash flows:

	Fiscal Year
(in thousands)	2021		2020		2019
Cash flows from operating activities impact:
Operating leases	$	27,642	$	24,718	$	18,138
Interest payments on financing lease obligations	2,301		1,728		2,714
Total cash flows from operating activities impact	$	29,943	$	26,446	$	20,852
Cash flows from financing activities impact:
Principal payments on financing lease obligations	$	4,778	$	5,861	$	8,656
Total cash flows from financing activities impact	$	4,778	$	5,861	$	8,656