Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.22.4
Leases (Tables)
12 Months Ended
Dec. 31, 2022
Lessee Disclosure [Abstract]  
Summary of lease cost

The following table provides additional information about the Company’s leases:

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Lease costs:

 

 

 

 

 

 

 

 

 

Operating lease cost

 

$

32,834

 

 

$

24,069

 

 

$

19,510

 

Finance lease costs:

 

 

 

 

 

 

 

 

 

Amortization of leased assets

 

 

30

 

 

 

144

 

 

 

102

 

Interest on lease liabilities

 

 

1

 

 

 

3

 

 

 

2

 

Short term lease costs:

 

 

 

 

 

 

 

 

 

Operating lease cost

 

 

598

 

 

 

536

 

 

 

1,906

 

Finance lease costs:

 

 

 

 

 

 

 

 

 

Amortization of leased assets

 

 

9

 

 

 

9

 

 

 

11

 

Interest on lease liabilities

 

 

1

 

 

 

1

 

 

 

1

 

Sublease income

 

 

(488

)

 

 

(382

)

 

 

(450

)

Lease cost – net

 

$

32,985

 

 

$

24,380

 

 

$

21,082

 

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

25,569

 

 

$

27,550

 

 

$

18,586

 

Operating cash flows from finance leases

 

 

41

 

 

 

156

 

 

 

117

 

Non-cash related activities

 

 

 

 

 

 

 

 

 

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

 

 

93,029

 

 

 

11,714

 

 

 

35,766

 

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

 

 

 

 

 

 

 

 

132

 

Weighted average discount rate (percent)

 

 

 

 

 

 

 

 

 

Operating leases

 

 

4.80

%

 

 

3.85

%

 

 

3.72

%

Finance leases

 

 

3.22

%

 

 

3.16

%

 

 

3.01

%

Weighted average remaining lease term (years)

 

 

 

 

 

 

 

 

 

Operating leases

 

 

8.5

 

 

 

6.0

 

 

 

6.2

 

Finance leases

 

 

1.9

 

 

 

2.7

 

 

 

2.2

 

 

Schedule Of Supplemental Balance Sheet Information Related To Right- Of- Use Assets And Lease Liabilities

Supplemental balance sheet information related to right-of-use assets and lease liabilities:

 

 

 

As of December 31,

 

 

 

2022

 

 

2021

 

Right-of-use assets – operating leases – net

 

$

143,813

 

 

$

84,778

 

Right-of-use assets – finance leases – net

 

 

57

 

 

 

96

 

Total lease right-of-use assets – net

 

$

143,870

 

 

$

84,874

 

Current lease liabilities

 

 

 

 

 

 

Operating

 

$

22,744

 

 

$

18,783

 

Finance

 

 

35

 

 

 

39

 

Non-current lease liabilities

 

 

 

 

 

 

Operating

 

 

151,944

 

 

 

74,386

 

Finance

 

 

22

 

 

 

57

 

Total lease liabilities

 

$

174,745

 

 

$

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 December 31, 2022:

 

 

 

Finance Leases

 

 

Operating Leases

 

 2023

 

$

37

 

 

$

30,415

 

 2024

 

 

18

 

 

 

26,194

 

 2025

 

 

4

 

 

 

24,424

 

 2026

 

 

 

 

 

23,049

 

 2027

 

 

 

 

 

20,941

 

Thereafter

 

 

 

 

 

95,271

 

Total undiscounted future lease payments

 

$

59

 

 

$

220,294

 

Less imputed interest

 

 

(2

)

 

 

(45,606

)

Present value lease liabilities

 

$

57

 

 

$

174,688