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Leases (Tables)
9 Months Ended
Sep. 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):

 

 

 

September 30,
2022

 

 

December 31,
2021

 

2022

 

$

13,751

 

 

$

41,685

 

2023

 

 

38,170

 

 

 

35,833

 

2024

 

 

31,067

 

 

 

28,837

 

2025

 

 

25,941

 

 

 

23,794

 

2026

 

 

19,963

 

 

 

18,361

 

Thereafter

 

 

91,784

 

 

 

91,237

 

Total lease payments

 

 

220,676

 

 

 

239,747

 

Less: imputed interest

 

 

(42,980

)

 

 

(46,173

)

Operating lease liabilities

 

$

177,696

 

 

$

193,574

 

Lease Cost

The following table summarizes lease costs (in thousands):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Operating lease cost

 

$

10,058

 

 

$

10,361

 

 

$

31,512

 

 

$

31,433

 

Variable lease cost

 

 

462

 

 

 

467

 

 

 

1,327

 

 

 

1,382

 

Short-term lease cost

 

 

7,567

 

 

 

3,534

 

 

 

18,296

 

 

 

10,602

 

Sublease income

 

 

(69

)

 

 

(217

)

 

 

(206

)

 

 

(797

)

 

 

$

18,018

 

 

$

14,145

 

 

$

50,929

 

 

$

42,620

 

Operating Leases, Weighted Average Discount Rate and Remaining Lease Term

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

 

 

 

September 30,
2022

 

 

December 31,
2021

 

Weighted average discount rate

 

 

3.9

%

 

 

3.8

%

Weighted average remaining lease term

 

9 years

 

 

9 years