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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Summary of Maturities of Operating Lease Liabilities The maturities of the Company’s operating lease liabilities as of December 31, 2022 are as follows (amounts in thousands):

 

As of December 31, 2022

 

Amount

 

2023

 

$

19,936

 

2024

 

 

21,651

 

2025

 

 

21,566

 

2026

 

 

21,367

 

2027

 

 

20,194

 

2028 and thereafter

 

 

78,312

 

Total future minimum lease payments

 

 

183,026

 

Less lease incentives

 

 

(14,822

)

Less amount of lease payment representing interest

 

 

(29,858

)

Total operating lease liabilities

 

$

138,346

 

Summary of Operating Lease Liability

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

 

 

 

December 31,

 

 

 

2022

 

 

2021

 

Operating lease liability

 

$

6,957

 

 

$

8,303

 

Operating lease liability, long-term

 

 

131,389

 

 

 

102,492

 

Minimum operating lease payments

 

$

138,346

 

 

$

110,795

 

 

 

 

 

 

 

 

Summary of Operating Lease Cost For the year ended December 31, 2022 and 2021, total lease cost is comprised of the following:

 

 

 

For the Years Ended December 31,

 

Lease Cost

 

2022

 

 

2021

 

 

 

(Amounts in thousands)

 

Operating lease cost

 

$

17,833

 

 

$

9,838

 

Variable operating lease cost

 

 

11,317

 

 

 

7,118

 

Lease cost

 

$

29,150

 

 

$

16,956

 

 

 

 

 

 

 

 

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,

 

 

 

2022

 

 

2021

 

Operating lease cost

 

$

(13,757

)

 

$

(8,863

)

Schedule of Weighted Average Discount Rate and Lease Term Used in Calculating Lease Liabilities

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, 2022, were:

 

Weighted average remaining lease term (years)

 

 

8.60

 

Weighted average discount rate

 

 

4.08

%