Leases (Tables)

9 Months Ended

Sep. 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 September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Finance leases:
Amortization of right-of-use assets	$	356		$	388		$	1,122		$	1,159
Interest on lease liabilities		46			54			143			167
Operating lease cost		1,309			1,332			3,877			3,979
Short-term lease cost		98			108			328			337
Variable lease cost		257			310			891			928
Sublease income		(4	)		(118	)		(166	)		(271	)
Net lease cost	$	2,062		$	2,074		$	6,195		$	6,299

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):

	Nine Months Ended September 30,
	2022		2021
Finance leases:
Operating cash flows included in operating activities	$	143	$	167
Financing cash flows included in payments under finance lease obligations		1,070		1,072
Operating leases:
Operating cash flows (fixed payments) included in other operating activities, net		4,389		3,509
Operating cash flows (liability reduction) included in other operating activities, net		3,075		2,929

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 September 30, 2022 and December 31, 2021 ($ in thousands):

	September 30, 2022			December 31, 2021
Finance lease right-of-use assets, net of accumulated depreciation	$	4,894		$	6,017
Finance lease liabilities		5,394			6,464
Operating lease right-of-use assets		37,282			34,603
Operating lease liabilities		39,797			36,468
Weighted-average lease term:
Finance leases	8.59 years			8.37 years
Operating leases	9.85 years			9.25 years
Weighted-average discount rate:
Finance leases		3.42	%		3.24	%
Operating leases		3.18	%		2.84	%

Future Minimum Rental Commitments Under Finance and Operating Leases

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

	Finance Leases			Operating Leases
2022 (excluding the nine months ended September 30, 2022)	$	384		$	1,214
2023		885			4,998
2024		572			5,008
2025		584			4,926
2026		589			4,730
Thereafter		3,279			25,422
Total minimum lease payments		6,293			46,298
Less imputed interest		(899	)		(6,501	)
Lease liabilities	$	5,394		$	39,797