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Leases (Tables)
12 Months Ended
Dec. 31, 2021
Maturities of lease liabilities The maturities of the Company’s operating lease liabilities as of December 31, 2021 are as follows (amounts in thousands):

 

As of December 31, 2021

 

Amount

 

2022

 

$

8,807

 

2023

 

 

15,223

 

2024

 

 

16,452

 

2025

 

 

16,035

 

2026

 

 

15,788

 

2027 and thereafter

 

 

58,832

 

Total future minimum lease payments

 

 

131,137

 

Less: amount of lease payment representing interest

 

 

20,342

 

Total operating lease liabilities

 

$

110,795

 

Abstract of operating lease liability

Total operating lease liabilities included on the Company’s consolidated balance sheet are as follows (amounts in thousands):

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

Operating lease liability

 

$

8,303

 

 

$

5,254

 

Operating lease liability, long-term

 

 

102,492

 

 

 

26,425

 

Minimum operating lease payments

 

$

110,795

 

 

$

31,679

 

 

 

 

 

 

 

 

Lease, Cost For the year ended December 31, 2021 and 2020, total lease cost is comprised of the following:

 

 

 

For the Years Ended December 31,

 

Lease Cost

 

2021

 

 

2020

 

 

 

(Amounts in thousands)

 

Operating lease cost

 

$

9,838

 

 

$

5,645

 

Variable operating lease cost

 

 

7,118

 

 

 

2,033

 

Lease cost

 

$

16,956

 

 

$

7,678

 

 

 

 

 

 

 

 

Schedule Of Supplemental Disclosure Of Cash Flows Related To Operating Leases

The following information represents supplemental disclosure for the consolidated statements of cash flows related to operating leases (amounts in thousands):

 

 

 

For the Years Ended December 31,

 

 

 

2021

 

 

2020

 

Operating lease cost

 

$

(8,863

)

 

$

(5,647

)

Schedule Of Discount Rate And Lease Term Used In Calculating Lease Liabilities And Assets

The weighted average remaining lease term and the weighted average discount rate used to measure the Company’s operating lease liabilities as of December 31, 2021 were:

 

Weighted average remaining lease term (years)

 

 

8.16

 

Weighted average discount rate

 

 

3.65

%