Leases

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Leases

Note 9 – Leases

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

	Years Ended December 31,
	2022			2021			2020
Finance leases
Amortization of right-of-use assets	$	1,479		$	1,546		$	1,856
Interest on lease liabilities		188			219			254
Operating lease cost		5,172			5,275			5,188
Short-term lease cost		389			463			423
Variable lease cost		1,150			1,234			1,286
Sublease income		(168	)		(350	)		(335	)
Net lease cost	$	8,210		$	8,387		$	8,672

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

	Years Ended December 31,
	2022		2021		2020
Finance leases
Operating cash flows included in operating activities	$	188	$	219	$	254
Financing cash flows included in payments under finance lease    obligations		1,409		1,434		1,715
Operating leases
Operating cash flows (fixed payments) included in other operating    activities, net		4,829		4,781		4,988
Operating cash flows (liability reduction) included in other operating    activities, net		4,009		3,948		3,856

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

	December 31,
	2022			2021
Finance lease right-of-use assets, net of accumulated depreciation	$	4,537		$	6,017
Finance lease liabilities		5,055			6,464
Operating lease right-of-use assets		36,301			34,603
Operating lease liabilities		38,932			36,468
Weighted-average lease term
Finance leases	8.72 years			8.37 years
Operating leases	9.64 years			9.25 years
Weighted-average discount rate
Finance leases		3.49	%		3.24	%
Operating leases		3.22	%		2.84	%

At December 31, 2022, future minimum rental commitments under finance and operating leases were as follows ($ in thousands):

	Finance Leases			Operating Leases
2023	$	885		$	5,014
2024		572			5,031
2025		584			4,998
2026		589			4,690
2027		594			4,457
Thereafter		2,685			20,954
Total minimum lease payments		5,909			45,144
Less imputed interest		(854	)		(6,212	)
Lease liabilities	$	5,055		$	38,932