Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.2
Leases (Tables)
6 Months Ended
Jun. 30, 2022
Lessee Disclosure [Abstract]  
Summary of lease cost

The lease costs for the three and six months ended June 30, 2022 and 2021 were as follows:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

2021

 

 

2022

 

 

2021

 

Lease costs:

 

 

 

 

 

 

 

 

 

 

 

Operating lease cost

 

$

9,283

 

$

6,013

 

 

$

15,610

 

 

$

12,109

 

Finance lease costs:

 

 

 

 

 

 

 

 

 

 

 

Amortization of leased assets

 

 

7

 

 

42

 

 

 

16

 

 

 

85

 

Interest on lease liabilities

 

 

1

 

 

1

 

 

 

1

 

 

 

2

 

Short term lease costs:

 

 

 

 

 

 

 

 

 

 

 

Operating lease cost

 

 

83

 

 

118

 

 

 

279

 

 

 

238

 

Finance lease costs:

 

 

 

 

 

 

 

 

 

 

 

Amortization of leased assets

 

 

2

 

 

2

 

 

 

4

 

 

 

4

 

Interest on lease liabilities

 

 

1

 

 

1

 

 

 

1

 

 

 

1

 

Sublease income

 

 

(106

)

 

(118

)

 

 

(197

)

 

 

(179

)

Lease cost – net

 

$

9,271

 

$

6,059

 

 

$

15,714

 

 

$

12,260

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

 

 

 

 

 

$

12,495

 

 

$

12,684

 

Operating cash flows from finance leases

 

 

 

 

 

 

 

22

 

 

 

91

 

Non-cash related activities

 

 

 

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

 

 

 

 

 

 

54,359

 

 

 

1,847

 

Right-of-use assets obtained in exchange for new finance lease liabilities

 

 

 

 

 

 

 

 

 

 

 

Weighted average discount rate (percent)

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

 

 

 

 

 

 

4.50

%

 

 

3.73

%

Finance leases

 

 

 

 

 

 

 

3.19

%

 

 

3.16

%

Weighted average remaining lease term (years)

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

 

 

 

 

 

 

7.4

 

 

 

6.1

 

Finance leases

 

 

 

 

 

 

 

2.3

 

 

 

2.4

 

Summary of Supplemental balance sheet information related to Lease right-of-use assets

Supplemental balance sheet information related to Lease right-of-use assets:

 

 

June 30, 2022

 

 

December 31, 2021

 

Right-of-use assets – operating leases – net

 

$

131,928

 

 

$

84,778

 

Right-of-use assets – finance leases – net

 

 

75

 

 

 

96

 

Total lease right-of-use assets – net

 

$

132,003

 

 

$

84,874

 

Summary of Supplemental balance sheet information related to lease liabilities

Supplemental balance sheet information related to lease liabilities:

 

 

June 30, 2022

 

 

December 31, 2021

 

Current lease liabilities

 

 

 

 

 

 

Operating

 

$

18,355

 

 

$

18,783

 

Finance

 

 

36

 

 

 

39

 

Non-current lease liabilities

 

 

 

 

 

 

Operating

 

 

125,249

 

 

 

74,386

 

Finance

 

 

39

 

 

 

57

 

Total lease liabilities

 

$

143,679

 

 

$

93,265

 

 

Summary of estimated future minimum payments of operating and financing leases

The estimated future minimum payments of operating and financing leases as of June 30, 2022:

 

 

Finance Leases

 

 

Operating Leases

 

The remainder of 2022

 

$

19

 

 

$

10,124

 

 2023

 

 

37

 

 

 

25,399

 

 2024

 

 

18

 

 

 

23,716

 

 2025

 

 

4

 

 

 

21,623

 

 2026

 

 

 

 

 

20,317

 

Thereafter

 

 

 

 

 

71,895

 

Total undiscounted future lease payments

 

$

78

 

 

$

173,074

 

Less imputed interest

 

 

(3

)

 

 

(29,470

)

Present value lease liabilities

 

$

75

 

 

$

143,604