XML 44 R33.htm IDEA: XBRL DOCUMENT v3.23.2
Leases (Tables)
 6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Schedule of Lease Cost
The components of our global lease cost reflected in the condensed consolidated statements of income are as follows:
 Three Months EndedSix Months Ended
(in thousands)June 30,
2023		June 30,
2022		June 30,
2023		June 30,
2022
Lease liability cost$7,069 $6,955 $14,110 $13,926 
Variable lease cost not included in the lease liability(1)
1,428 1,103 2,611 2,187 
     Total lease cost$8,497 $8,058 $16,721 $16,113 
(1) Variable lease cost includes common area maintenance, property taxes, utilities and fluctuations in rent due to a change in an index or rate.
Lessee, Operating Lease Other Information
Other information related to operating leases is as follows:
 Three Months EndedSix Months Ended
(in thousands)June 30,
2023		June 30,
2022		June 30,
2023		June 30,
2022
Cash paid for amounts included in the measurement of the lease liability:
     Operating cash flows from operating leases$(6,926)$(6,571)$(13,705)$(13,589)
Right-of-use assets obtained in exchange for new operating lease liabilities$902 $4,357 $5,316 $20,675 
As of June 30,
20232022
Weighted-average remaining lease term of operating leases
6.6 years7.3 years
Weighted-average discount rate of operating leases
3.2 %3.0 %
Schedule of Maturity of Operating Lease Liabilities
The maturity schedule of the operating lease liabilities as of June 30, 2023 is as follows:
(in thousands) 
Remainder of 2023$14,092 
202425,446 
202521,918 
202619,443 
202718,129 
Thereafter43,637 
     Total future lease payments142,665 
Less: Present value adjustment(14,140)
     Present value of future lease payments(1)
$128,525 
(1) Includes the current portion of operating lease liabilities of $23.3 million, which is reflected in other accrued expenses and liabilities in the condensed consolidated balance sheets.