Leases (Tables)

3 Months Ended

Mar. 31, 2023

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 March 31,
	2023			2022
Finance leases:
Amortization of right-of-use assets	$	357		$	387
Interest on lease liabilities		42			49
Operating lease cost		1,285			1,275
Short-term lease cost		89			132
Variable lease cost		255			311
Sublease income		(3	)		(80	)
Net lease cost	$	2,025		$	2,074

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):

	Three Months Ended March 31,
	2023		2022
Finance leases:
Operating cash flows included in operating activities	$	42	$	49
Financing cash flows included in payments under finance lease obligations		342		366
Operating leases:
Operating cash flows (fixed payments) included in other operating activities, net		1,242		1,276
Operating cash flows (liability reduction) included in other operating activities, net		944		1,041

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 March 31, 2023 and December 31, 2022 ($ in thousands):

	March 31, 2023			December 31, 2022
Finance lease right-of-use assets, net of accumulated depreciation	$	4,180		$	4,537
Finance lease liabilities		4,713			5,055
Operating lease right-of-use assets		35,315			36,301
Operating lease liabilities		37,988			38,932
Weighted-average lease term:
Finance leases	8.90 years			8.72 years
Operating leases	9.43 years			9.64 years
Weighted-average discount rate:
Finance leases		3.62	%		3.49	%
Operating leases		3.22	%		3.22	%

Future Minimum Rental Commitments Under Finance and Operating Leases

At March 31, 2023, future minimum rental commitments under finance and operating leases were as follows ($ in thousands):

	Finance Leases			Operating Leases
2023 (excluding the three months ended March 31, 2023)	$	501		$	3,771
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		5,525			43,901
Less imputed interest		(812	)		(5,913	)
Lease liabilities	$	4,713		$	37,988