Leases (Tables)

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Components of lease expenses , lease assets and liabilities

The components of lease expense were as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2022		2021		2022		2021
Finance lease cost:
Amortization of right-of-use assets (included in depreciation expense)	$	24	$	202	$	48	$	396
Interest on lease liabilities		7		83		15		175
Operating lease cost		4,425		3,802		8,699		7,596
Short-term lease cost		64		101		144		191
Variable lease cost		473		447		942		914
Total lease cost	$	4,993	$	4,635	$	9,848	$	9,272

	Six Months Ended
(in thousands)	June 30, 2022		June 30, 2021
Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for finance lease	$	15	$	194
Operating cash flows used for operating leases	$	9,328	$	8,372
Financing cash flows used for finance lease	$	82	$	793
Right-of-use assets obtained in exchange for new operating lease liabilities	$	10,683	$	15,819

The lease assets and liabilities as of June 30, 2022 and December 31, 2021 were as follows (in thousands):

	June 30,			December 31,
	2022			2021
Finance lease right-of-use assets (included in other assets)	$	712		$	760
Operating lease right-of-use assets	$	98,580		$	99,158
Finance lease liability, current (included in current installments of long-term debt)	$	169		$	165
Finance lease liability, noncurrent (included in long-term debt)	$	443		$	529
Operating lease liabilities, current (included in accrued liabilities)	$	12,359		$	13,465
Operating lease liabilities, noncurrent	$	90,936		$	90,878
Weighted average remaining lease term – finance leases	3.4 years			3.9 years
Weighted average remaining lease term – operating leases	10.1 years			10.0 years
Weighted average discount rate – finance leases		4.8	%		4.8	%
Weighted average discount rate – operating leases		4.1	%		4.1	%

Future annual minimum lease payments and finance lease commitments

Future annual minimum lease payments and finance lease commitments as of June 30, 2022 were as follows (in thousands):

Year ending December 31,	Operating Leases			Finance Leases
2022 (remaining six months)		7,607			97
2023		14,639			194
2024		13,280			194
2025		12,756			178
2026		11,393			—
2027 and thereafter		67,718			—
Total minimum lease payments	$	127,393		$	663
Less: imputed interest		(24,098	)		(51	)
Present value of lease liabilities	$	103,295		$	612