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Leases, Codification Topic 842 (Notes)
12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Lessee, Operating Leases [Text Block]
11.Leases
We have operating leases for office space, other operating facilities, vehicles and office equipment. Our fixed operating lease costs for 2023, 2022 and 2021 were $19.5 million, $18.7 million, and $18.2 million, respectively, and are included in general and administrative expenses on our Consolidated Statements of Income and Comprehensive Income. During 2023, cash paid for amounts included in the measurement of operating lease liabilities was $22.9 million.
The following table presents the lease balances within our Consolidated Balance Sheets, weighted average lease term and weighted average discount rates related to our operating leases:
(dollars in thousands)
Classification in Consolidated Balance Sheets
December 31, 2023
Lease liabilities:
Current operating lease liabilitiesOther accrued liabilities$19,816 
Long-term operating lease liabilitiesOperating lease liabilities, net of current57,494 
Total operating lease liabilities77,310 
Less:
Landlord funded tenant improvements13,004 
Deferred rent6,868 
Operating lease ROU assetsRight-of-use leased assets$57,438 
Weighted average remaining lease term
5 years
Weighted average discount rate4.2 %
The following presents the maturity of our operating leases liabilities as of December 31, 2023:
(in thousands)Operating Leases
2024$22,604 
202518,915 
202615,317 
202712,679 
20288,841 
Thereafter7,152 
Total remaining obligation85,508 
Less imputed interest8,198 
Present value of lease liabilities$77,310 
As of December 31, 2023, we have additional operating leases that have not yet commenced of $29.7 million with lease terms between three and eleven years.