Leases (Tables)

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Components of Net Lease Cost

The following table details the components of net lease cost for the periods presented ($ in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Finance leases:
Amortization of right-of-use assets	$	379		$	387		$	766		$	771
Interest on lease liabilities		48			56			97			113
Operating lease cost		1,293			1,342			2,568			2,647
Short-term lease cost		98			110			230			229
Variable lease cost		323			311			634			618
Sublease income		(82	)		(77	)		(162	)		(153	)
Net lease cost	$	2,059		$	2,129		$	4,133		$	4,225

Cash Payments Included in Measurement of Lease Liabilities

The following table details the cash payments included in the measurement of lease liabilities during the periods presented ($ in thousands):

	Six Months Ended June 30,
	2022		2021
Finance leases:
Operating cash flows included in operating activities	$	97	$	113
Financing cash flows included in payments under finance lease obligations		733		712
Operating leases:
Operating cash flows (fixed payments) included in other operating activities, net		3,168		2,267
Operating cash flows (liability reduction) included in other operating activities, net		2,118		1,954

Balance Sheet Information and Weighted-Average Lease Terms and Discount Rates Related to Leases

The following table details balance sheet information, as well as weighted-average lease terms and discount rates, related to leases at June 30, 2022 and December 31, 2021 ($ in thousands):

	June 30, 2022			December 31, 2021
Finance lease right-of-use assets, net of accumulated depreciation	$	5,251		$	6,017
Finance lease liabilities		5,730			6,464
Operating lease right-of-use assets		34,684			34,603
Operating lease liabilities		37,108			36,468
Weighted-average lease term:
Finance leases	8.51 years			8.37 years
Operating leases	9.37 years			9.25 years
Weighted-average discount rate:
Finance leases		3.35	%		3.24	%
Operating leases		2.87	%		2.84	%

Future Minimum Rental Commitments Under Finance and Operating Leases

At June 30, 2022, future minimum rental commitments under finance and operating leases were as follows ($ in thousands):

	Finance Leases			Operating Leases
2022 (excluding the six months ended June 30, 2022)	$	767		$	2,474
2023		885			4,995
2024		572			5,001
2025		584			4,924
2026		589			4,733
Thereafter		3,279			20,205
Total minimum lease payments		6,676			42,332
Less imputed interest		(946	)		(5,224	)
Lease liabilities	$	5,730		$	37,108