Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Components of Lease Expense, and Lease Assets and Liabilities

The components of lease expense were as follows:

	Year Ended December 31,
(in thousands)	2023		2022		2021
Finance lease costs:
Amortization of right-of-use assets (included in depreciation expense)	$	48	$	96	$	444
Interest on lease liabilities		21		29		192
Operating lease costs		19,280		17,485		16,155
Short-term lease costs		618		307		339
Variable lease costs		1,770		1,892		1,737
Total lease costs	$	21,737	$	19,809	$	18,867

A summary of other information about our leases follows:

	December 31,
(dollars in thousands)	2023			2022
Finance lease right-of-use assets (included in other assets, net)	$	—		$	664
Operating lease right-of-use assets	$	130,830		$	93,081
Finance lease liabilities, current (included in current installments of long-term debt)	$	181		$	173
Finance lease liabilities, noncurrent (included in long-term debt)	$	174		$	355
Operating lease liabilities, current (included in accrued liabilities)	$	15,486		$	12,020
Operating lease liabilities, noncurrent	$	123,385		$	86,687
Weighted average remaining lease term – finance leases	1.9 years			2.9 years
Weighted average remaining lease term – operating leases	9.7 years			9.8 years
Weighted average discount rate – finance leases		4.8	%		4.8	%
Weighted average discount rate – operating leases		4.5	%		4.1	%

Summary of Operating And Finance Lease Supplemental Cash Flow Information

A summary of cash flow information related to leases follows:

	Year Ended December 31,
(in thousands)	2023		2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for operating leases	$	17,702	$	17,277	$	16,721
Operating cash flows used for finance leases		21		29		212
Financing cash flows used for finance leases		173		165		873
Right-of-use assets obtained in exchange for new operating lease liabilities		56,834		11,694		32,811

Future Annual Minimum Operating Lease Payments and Finance Lease Commitments

A summary of the Company's future annual minimum lease payments as of December 31, 2023 follows (in thousands):

Year ending December 31,	Operating Leases			Finance Leases
2024	$	20,741		$	194
2025		20,025			178
2026		16,613			—
2027		15,467			—
2028		14,719			—
2029 and thereafter		85,385			—
Total minimum lease payments		172,950			372
Less: imputed interest		(34,079	)		(17	)
Total present value of lease liabilities	$	138,871		$	355