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Leases (Tables)
6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Future Minimum Lease Payments under Operating Leases

Future minimum lease payments under operating leases that have initial noncancelable lease terms in excess of one year were as follows (in thousands):

 

 

 

June 30,
2022

 

 

December 31,
2021

 

2022

 

$

20,467

 

 

$

41,685

 

2023

 

 

37,110

 

 

 

35,833

 

2024

 

 

30,002

 

 

 

28,837

 

2025

 

 

24,864

 

 

 

23,794

 

2026

 

 

19,502

 

 

 

18,361

 

Thereafter

 

 

91,785

 

 

 

91,237

 

Total lease payments

 

 

223,730

 

 

 

239,747

 

Less: imputed interest

 

 

(38,708

)

 

 

(46,173

)

Operating lease liabilities

 

$

185,022

 

 

$

193,574

 

Lease Cost

The following table summarizes lease costs (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Operating lease cost

 

$

10,604

 

 

$

10,680

 

 

$

21,454

 

 

$

21,072

 

Variable lease cost

 

 

446

 

 

 

206

 

 

 

865

 

 

 

915

 

Short-term lease cost

 

 

5,248

 

 

 

4,015

 

 

 

10,729

 

 

 

7,068

 

Sublease income

 

 

(68

)

 

 

(306

)

 

 

(137

)

 

 

(580

)

 

 

$

16,230

 

 

$

14,595

 

 

$

32,911

 

 

$

28,475

 

Operating Leases, Weighted Average Discount Rate and Remaining Lease Term

The following table summarizes other supplemental information about the Company’s operating leases:

 

 

 

June 30,
2022

 

 

December 31,
2021

 

Weighted average discount rate

 

 

3.9

%

 

 

3.8

%

Weighted average remaining lease term

 

9 years

 

 

9 years