Leases (Tables)

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

Components of Lease Expenses , and Lease Assets and Liabilities

The components of lease expense were as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2023		2022		2023		2022
Finance lease cost:
Amortization of right-of-use assets (included in depreciation expense)	$	24	$	24	$	48	$	48
Interest on lease liabilities		5		7		11		15
Operating lease cost		4,335		4,425		8,906		8,699
Short-term lease cost		150		64		290		144
Variable lease cost		436		473		892		942
Total lease cost	$	4,950	$	4,993	$	10,147	$	9,848

	Six Months Ended June 30,
(in thousands)	2023		2022
Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for finance lease	$	11	$	15
Operating cash flows used for operating leases	$	8,820	$	9,328
Financing cash flows used for finance lease	$	86	$	82
Right-of-use assets obtained in exchange for new operating lease liabilities	$	6,401	$	10,683

The lease assets and liabilities as of June 30, 2023 and December 31, 2022 were as follows (in thousands):

	June 30,			December 31,
	2023			2022
Finance lease right-of-use assets (included in other assets)	$	—		$	664
Operating lease right-of-use assets	$	92,657		$	93,081
Finance lease liability, current (included in current installments of long-term debt)	$	177		$	173
Finance lease liability, noncurrent (included in long-term debt)	$	266		$	355
Operating lease liabilities, current (included in accrued liabilities)	$	13,196		$	12,020
Operating lease liabilities, noncurrent	$	85,343		$	86,687
Weighted average remaining lease term – finance leases	2.4 years			2.9 years
Weighted average remaining lease term – operating leases	9.1 years			9.8 years
Weighted average discount rate – finance leases		4.8	%		4.8	%
Weighted average discount rate – operating leases		4.2	%		4.1	%

Future Annual Minimum Lease Payments and Finance Lease Commitments

Future annual minimum lease payments and finance lease commitments as of June 30, 2023 were as follows (in thousands):

Year ending December 31,	Operating Leases			Finance Leases
2023 (remaining six months)		8,763			97
2024		16,736			194
2025		15,713			178
2026		12,278			—
2027		11,158			—
2028 and thereafter		58,190			—
Total minimum lease payments	$	122,838		$	469
Less: imputed interest		(24,299	)		(26	)
Present value of lease liabilities	$	98,539		$	443