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Operating Leases (Tables)
9 Months Ended
Sep. 30, 2022
Lessee Disclosure [Abstract]  
Schedule of Net Lease Cost

The table below summarizes our net lease cost for the three and nine months ended September 30, 2022 and 2021 (in thousands):

 

 

Three Months Ended September 30,

 

 

 

2022

 

 

2021

 

Operating lease cost

 

$

25,972

 

 

$

25,802

 

Short-term lease cost

 

 

401

 

 

 

110

 

Variable lease cost

 

 

436

 

 

 

265

 

Sublease income

 

 

(604

)

 

 

(643

)

Net lease cost

 

$

26,205

 

 

$

25,534

 

 

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

Operating lease cost

 

$

78,245

 

 

$

76,292

 

Short-term lease cost

 

 

998

 

 

 

343

 

Variable lease cost

 

 

1,161

 

 

 

606

 

Sublease income

 

 

(1,799

)

 

 

(1,951

)

Net lease cost

 

$

78,605

 

 

$

75,290

 

Operating lease costs are included in occupancy and equipment rental in the consolidated statements of operations.

The table below summarizes other information related to our operating leases as of and for the nine months ended September 30, 2022 (in thousands):

Operating lease cash flows

 

$

78,977

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

$

84,498

 

Weighted-average remaining lease term

 

11.6 years

 

Weighted-average discount rate

 

 

3.92

%

Schedule of Information About Operating Lease Liabilities

The table below presents information about operating lease liabilities as of September 30, 2022, (in thousands, except percentages).

Remainder of 2022

 

$

25,895

 

2023

 

 

102,057

 

2024

 

 

100,384

 

2025

 

 

95,784

 

2026

 

 

95,883

 

Thereafter

 

 

604,469

 

Total undiscounted lease payments

 

 

1,024,472

 

Imputed interest

 

 

(213,646

)

Total operating lease liabilities

 

$

810,826