|
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, |
|
|
|
2024 |
|
2023 |
|
Lease costs |
|
|
|
|
|
Operating lease costs |
|
$ |
7,878 |
|
$ |
8,406 |
|
Short-term lease costs |
|
|
|
|
|
Operating lease costs |
|
|
245 |
|
|
238 |
|
Sublease income |
|
|
(148 |
) |
|
(172 |
) |
Lease costs – net |
|
$ |
7,975 |
|
$ |
8,472 |
|
|
|
|
|
|
|
Cash paid for amounts included in the measurement of lease liabilities |
|
Operating cash flows for operating leases |
|
$ |
8,031 |
|
$ |
7,158 |
|
Non-cash related activities |
|
|
|
|
|
Right-of-use assets obtained in exchange for new operating lease liabilities |
|
|
4,007 |
|
|
3,401 |
|
Amortization of right-of-use assets for operating lease activity |
|
|
5,708 |
|
|
6,014 |
|
Weighted average discount rate (percent) |
|
|
|
|
|
Operating leases |
|
|
5.2 |
% |
|
4.8 |
% |
Weighted average remaining lease term (years) |
|
|
|
|
|
Operating leases |
|
|
8.0 |
|
|
8.4 |
|
|