Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Components of Lease Expense

The components of lease expense were as follows:

	Three Months Ended March 31,
(in thousands)	2024		2023
Finance lease costs:
Amortization of right-of-use assets (included in depreciation expense)	$	—	$	24
Interest on lease liabilities		4		6
Operating lease costs		5,510		4,571
Short-term lease costs		226		140
Variable lease costs		473		456
Total lease costs	$	6,213	$	5,197

Summary of Operating And Finance Lease Supplemental Cash Flow Information

A summary of cash flow information related to leases follows:

	Three Months Ended March 31,
(in thousands)	2024		2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for operating leases	$	5,199	$	4,435
Operating cash flows used for finance leases		4		6
Financing cash flows used for finance leases		45		43
Right-of-use assets obtained in exchange for new operating lease liabilities		2,059		5,406

Summary of Operating And Finance Lease Supplemental Balance Sheet Information

A summary of other information about the Company's leases follows:

	March 31,			December 31,
(dollars in thousands)	2024			2023
Operating lease right-of-use assets	$	128,395		$	130,830
Finance lease liabilities, current (included in current installments of long-term debt)	$	184		$	181
Finance lease liabilities, noncurrent (included in long-term debt)	$	127		$	174
Operating lease liabilities, current (included in accrued liabilities)	$	16,598		$	15,486
Operating lease liabilities, noncurrent	$	119,958		$	123,385
Weighted average remaining lease term – finance leases	1.7 years			1.9 years
Weighted average remaining lease term – operating leases	9.4 years			9.7 years
Weighted average discount rate – finance leases		4.8	%		4.8	%
Weighted average discount rate – operating leases		4.6	%		4.5	%

Future Annual Minimum Operating Lease Payments and Finance Lease Commitments

A summary of the Company's future annual minimum lease payments as of March 31, 2024 follows (in thousands):

Year ending December 31,	Operating Leases			Finance Leases
Remaining nine months of 2024	$	16,491		$	145
2025		21,139			178
2026		16,982			—
2027		15,698			—
2028		14,932			—
2029 and thereafter		84,152			—
Total minimum lease payments		169,394			323
Less: imputed interest		(32,838	)		(12	)
Total present value of lease liabilities	$	136,556		$	311