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Leases (Tables)
3 Months Ended
Mar. 31, 2023
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):

 

 

 

March 31,
2023

 

 

December 31,
2022

 

2023

 

$

29,573

 

 

$

41,227

 

2024

 

 

31,445

 

 

 

32,716

 

2025

 

 

23,507

 

 

 

24,807

 

2026

 

 

22,483

 

 

 

21,467

 

2027

 

 

20,364

 

 

 

19,253

 

Thereafter

 

 

95,718

 

 

 

95,582

 

Total lease payments

 

 

223,090

 

 

 

235,052

 

Less: imputed interest

 

 

(43,760

)

 

 

(56,468

)

Operating lease liabilities

 

$

179,330

 

 

$

178,584

 

Lease Cost

The following table summarizes lease costs (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

Operating lease cost

 

$

10,577

 

 

$

10,850

 

Variable lease cost

 

 

758

 

 

 

419

 

Short-term lease cost

 

 

6,219

 

 

 

5,481

 

Sublease income

 

 

(843

)

 

 

(69

)

 

$

16,711

 

 

$

16,681

 

Operating Leases, Weighted Average Discount Rate and Remaining Lease Term

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

 

 

 

March 31,
2023

 

 

December 31,
2022

 

Weighted average discount rate

 

 

4.2

%

 

 

4.1

%

Weighted average remaining lease term

 

9 years

 

 

9 years