Leases (Tables)

9 Months Ended

Sep. 30, 2022

Leases [Abstract]

Components of lease expenses , lease assets and liabilities

The components of lease expense were as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2022		2021		2022		2021
Finance lease cost:
Amortization of right-of-use assets (included in depreciation expense)	$	24	$	24	$	72	$	420
Interest on lease liabilities		7		9		22		184
Operating lease cost		4,278		4,270		12,977		11,866
Short-term lease cost		64		90		208		281
Variable lease cost		466		410		1,408		1,324
Total lease cost	$	4,839	$	4,803	$	14,687	$	14,075

	Nine Months Ended
(in thousands)	September 30, 2022		September 30, 2021
Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for finance lease	$	22	$	203
Operating cash flows used for operating leases	$	13,462	$	12,870
Financing cash flows used for finance lease	$	123	$	833
Right-of-use assets obtained in exchange for new operating lease liabilities	$	11,525	$	32,398

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

	September 30,			December 31,
	2022			2021
Finance lease right-of-use assets (included in other assets)	$	688		$	760
Operating lease right-of-use assets	$	95,533		$	99,158
Finance lease liability, current (included in current installments of long-term debt)	$	171		$	165
Finance lease liability, noncurrent (included in long-term debt)	$	399		$	529
Operating lease liabilities, current (included in accrued liabilities)	$	12,097		$	13,465
Operating lease liabilities, noncurrent	$	87,983		$	90,878
Weighted average remaining lease term – finance leases	3.2 years			3.9 years
Weighted average remaining lease term – operating leases	9.9 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 September 30, 2022 were as follows (in thousands):

Year ending December 31,	Operating Leases			Finance Leases
2022 (remaining three months)		3,550			48
2023		14,885			194
2024		13,417			194
2025		12,647			178
2026		11,269			—
2027 and thereafter		67,280			—
Total minimum lease payments	$	123,048		$	614
Less: imputed interest		(22,968	)		(44	)
Present value of lease liabilities	$	100,080		$	570