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The Company has non-cancelable operating leases with various terms through September 2039, primarily for office space.
The following table provides additional information about the Company’s leases:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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|
|
2023 |
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|
2022 |
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|
2023 |
|
|
2022 |
|
Lease costs |
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|
|
|
|
|
|
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Operating lease costs |
|
$ |
9,246 |
|
|
$ |
9,283 |
|
|
$ |
17,652 |
|
|
$ |
15,610 |
|
Finance lease costs |
|
|
— |
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|
|
8 |
|
|
|
— |
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|
|
17 |
|
Short-term lease costs |
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|
|
|
|
|
|
|
|
|
|
Operating lease costs |
|
|
163 |
|
|
|
83 |
|
|
|
401 |
|
|
|
279 |
|
Finance lease costs |
|
|
— |
|
|
|
3 |
|
|
|
— |
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|
|
5 |
|
Sublease income |
|
|
(74 |
) |
|
|
(106 |
) |
|
|
(246 |
) |
|
|
(197 |
) |
Lease costs – net |
|
$ |
9,335 |
|
|
$ |
9,271 |
|
|
$ |
17,807 |
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|
$ |
15,714 |
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Cash paid for amounts included in the measurement of lease liabilities |
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Operating cash flows from operating leases |
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|
|
|
|
$ |
15,902 |
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|
$ |
12,495 |
|
Non-cash related activities |
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|
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Right-of-use assets obtained in exchange for new operating lease liabilities |
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|
|
|
|
|
|
6,692 |
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|
|
54,359 |
|
Weighted average discount rate (percent) |
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Operating leases |
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|
|
|
|
|
|
5.1 |
% |
|
|
4.5 |
% |
Finance leases |
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|
|
|
|
|
|
|
— |
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|
|
3.2 |
% |
Weighted average remaining lease term (years) |
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|
|
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|
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|
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Operating leases |
|
|
|
|
|
|
|
|
8.5 |
|
|
|
7.4 |
|
Finance leases |
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|
|
|
|
|
|
|
— |
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|
2.3 |
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|