Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases

Schedule of Company's Lease Cost

The Company’s lease cost for the years ended December 31 is as follows (in thousands):

	2022		2021		2020
Operating lease cost	$	15,694	$	13,199	$	12,016
Finance lease cost:
Amortization of right-of-use assets		122		146		149
Interest on lease liabilities		33		39		48
Net lease cost	$	15,849	$	13,384	$	12,213

Summary of Maturities of Operating Lease Liabilities

Future minimum lease payments under non-cancelable leases at December 31, 2022 are as follows (in thousands):

	Operating		Finance
	Leases		Leases
Year 1	$	7,357	$	199
Year 2		8,907		46
Year 3		8,907		46
Year 4		9,000		46
Year 5		8,931		46
Years thereafter		565,132		476
Total future minimum lease payments		608,234		859
Less amount representing interest		(482,475)		(174)
Total present value of minimum payments	$	125,759	$	685

Summary of Maturities of Finance Lease Liabilities

	Operating		Finance
	Leases		Leases
Year 1	$	7,357	$	199
Year 2		8,907		46
Year 3		8,907		46
Year 4		9,000		46
Year 5		8,931		46
Years thereafter		565,132		476
Total future minimum lease payments		608,234		859
Less amount representing interest		(482,475)		(174)
Total present value of minimum payments	$	125,759	$	685

Schedule of Remaining Lease Term and Discount Rate of Leases

Weighted-average remaining lease term:
Operating leases	44.2	years
Finance leases	11.9	years
Weighted-average discount rate:
Operating leases	7.0	%
Finance leases	4.0	%