|
The Company has various non-cancelable operating leases with various terms through September 2038 primarily for office space and office equipment.
The following table provides additional information about the Company’s leases:
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
|
|
2023 |
|
|
2022 |
|
Lease costs: |
|
|
|
|
|
|
Operating lease costs |
|
$ |
8,406 |
|
|
$ |
6,327 |
|
Finance lease costs |
|
|
— |
|
|
|
9 |
|
Short-term lease costs: |
|
|
|
|
|
|
Operating lease costs |
|
|
238 |
|
|
|
196 |
|
Finance lease costs |
|
|
— |
|
|
|
2 |
|
Sublease income |
|
|
(172 |
) |
|
|
(91 |
) |
Lease costs – net |
|
$ |
8,472 |
|
|
$ |
6,443 |
|
|
|
|
|
|
|
|
Cash paid for amounts included in the measurement of lease liabilities |
|
|
|
|
|
|
Operating cash flows from operating leases |
|
$ |
7,158 |
|
|
$ |
6,385 |
|
Non-cash related activities |
|
|
|
|
|
|
Right-of-use assets obtained in exchange for new operating lease liabilities |
|
|
3,401 |
|
|
|
15,920 |
|
Weighted average discount rate (percent) |
|
|
|
|
|
|
Operating leases |
|
|
4.83 |
% |
|
|
3.99 |
% |
Finance leases |
|
|
— |
|
|
|
3.18 |
% |
Weighted average remaining lease term (years) |
|
|
|
|
|
|
Operating leases |
|
|
8.4 |
|
|
|
6.5 |
|
Finance leases |
|
|
— |
|
|
|
2.6 |
|
|