Leases (Tables)

3 Months Ended

Mar. 31, 2022

Leases

Schedule of Company's Lease Cost

The Company’s lease costs for the three months ended March 31, 2022 and 2021 are as follows (in thousands):

	Three Months Ended
	March 31,
	2022		2021
Operating lease cost	$	3,536	$	3,127
Finance lease cost:
Amortization of right-of-use assets		31		37
Interest on lease liabilities		8		11
Net lease cost	$	3,575	$	3,175

Summary of Maturities of Operating Lease Liabilities

	Three Months Ended
	March 31,
	2022		2021
Operating lease cost	$	3,536	$	3,127
Finance lease cost:
Amortization of right-of-use assets		31		37
Interest on lease liabilities		8		11
Net lease cost	$	3,575	$	3,175

Summary of Maturities of Finance Lease Liabilities

	Operating		Finance
	Leases		Leases
Year 1	$	6,972	$	232
Year 2		6,982		153
Year 3		6,744		46
Year 4		6,745		46
Year 5		6,867		46
Years thereafter		563,451		509
Total future minimum lease payments		597,761		1,032
Less amount representing interest		(482,780)		(213)
Total present value of minimum payments	$	114,981	$	819

Schedule of Remaining Lease Term and Discount Rate of Leases

Weighted-average remaining lease term:
Operating leases	47.6	years
Finance leases	10.9	years
Weighted-average discount rate:
Operating leases	6.8	%
Finance leases	4.0	%