Leases (Tables)

3 Months Ended

Mar. 31, 2023

Leases

Schedule of Company's Lease Cost

The Company’s lease costs for the three months ended March 31, 2023 and 2022 are as follows (in thousands):

	Three Months Ended
	March 31,
	2023		2022
Operating lease cost	$	4,657	$	3,536
Finance lease cost:
Amortization of right-of-use assets		31		31
Interest on lease liabilities		6		8
Net lease cost	$	4,694	$	3,575

Summary of Maturities of Operating Lease Liabilities

Future minimum lease payments under non-cancelable leases at March 31, 2023 are as follows (in thousands):

	Operating		Finance
	Leases		Leases
Year 1	$	7,883	$	153
Year 2		8,885		46
Year 3		8,886		46
Year 4		8,983		46
Year 5		8,979		46
Years thereafter		562,853		462
Total future minimum lease payments		606,469		799
Less amount representing interest		(480,281)		(181)
Total present value of minimum payments	$	126,188	$	618

Summary of Maturities of Finance Lease Liabilities

	Operating		Finance
	Leases		Leases
Year 1	$	7,883	$	153
Year 2		8,885		46
Year 3		8,886		46
Year 4		8,983		46
Year 5		8,979		46
Years thereafter		562,853		462
Total future minimum lease payments		606,469		799
Less amount representing interest		(480,281)		(181)
Total present value of minimum payments	$	126,188	$	618

Schedule of Remaining Lease Term and Discount Rate of Leases

Weighted-average remaining lease term:
Operating leases	44.0	years
Finance leases	12.4	years
Weighted-average discount rate:
Operating leases	7.0	%
Finance leases	4.0	%