(Dollars in thousands)

Year Ended December 31,

2023

2022

2021

Lease Cost Components:

Amortization of ROU assets – finance leases

$

466

$

466

$

466

Interest on lease liabilities – finance leases

41

49

56

Operating lease cost (cost resulting from lease payments)

17,123

17,782

17,236

Short-term lease cost

429

820

446

Variable lease cost (cost excluded from lease payments)

3,196

2,399

2,768

Total lease cost

$

21,255

$

21,516

$

20,972

Supplemental Cash Flow and Other Information Related to Leases:

Finance lease – operating cash flows

$

41

$

49

$

56

Finance lease – financing cash flows

449

434

427

Operating lease – operating cash flows (fixed payments)

16,710

17,253

16,435

Operating lease – operating cash flows (net change asset/liability)

(13,414)

(13,723)

(12,790)

New ROU assets – operating leases

1,160

12,635

9,623

Weighted – average remaining lease term (years) – finance leases

4.43

5.42

6.41

Weighted – average remaining lease term (years) – operating leases

9.29

10.03

10.95

Weighted – average discount rate - finance leases

1.7%

1.7%

Weighted – average discount rate - operating leases

3.1%

3.0%

3.2%

Operating lease payments due:

2024

$

15,970

2025

14,640

2026

14,210

2027

13,155

2028

12,502

Thereafter

56,090

Total undiscounted cash flows

126,567

Discount on cash flows

(18,283)

Total operating lease liabilities

$

108,284