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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Schedule of Components of Lease Expense and Other lease Information

The components of lease expense and other lease information as of and during the years ended December 31, 2022, 2021 and 2020 were as follows:

(in thousands)

 

2022

 

2021

 

2020

Operating lease cost

$

4,957

$

5,131

$

5,504

Variable lease cost

1,423

1,433

1,346

Sublease income

(555)

(508)

(262)

Total lease cost

$

5,825

$

6,056

$

6,588

Cash paid for amounts included in measurement of lease liabilities

Operating cash flows from operating leases

$

5,435

$

5,738

$

5,963

ROU assets obtained in exchange for new operating lease liabilities

$

2,694

$

4,828

$

81

Reduction to ROU assets resulting from reduction to lease liabilities

$

2

$

1,042

$

18

Other non-cash reductions to ROU assets

$

73

$

48

$

1,192

(in thousands)

 

2022

 

2021

Operating lease ROU assets

$

12,766

$

14,765

Operating lease liabilities

$

14,499

$

16,905

Weighted-average remaining lease term - operating leases

4.21

years

4.52

years

Weighted-average discount rate - operating leases

2.11

%

2.02

%

Schedule of Future Minimum Lease Payments under Non-cancellable Leases

Future minimum lease payments under non-cancellable leases as of December 31, 2022 were as follows:

(in thousands)

 

2022

2023

$

5,578

2024

3,628

2025

2,216

2026

1,311

2027

826

Thereafter

1,587

Total future minimum lease payments

$

15,146

Less imputed interest

(647)

Total operating lease liability

$

14,499