Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases

Schedule of Company's Lease Cost

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

	2023		2022		2021
Operating lease cost	$	18,346	$	15,694	$	13,199
Finance lease cost:
Amortization of right-of-use assets		163		122		146
Interest on lease liabilities		25		33		39
Net lease cost	$	18,534	$	15,849	$	13,384

Summary of Maturities of Operating Lease Liabilities

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

	Operating		Finance
	Leases		Leases
Year 1	$	9,809	$	84
Year 2		9,224		40
Year 3		9,315		18
Year 4		9,218		—
Year 5		9,063		—
Years thereafter		556,191		—
Total future minimum lease payments		602,820		142
Less amount representing interest		(473,698)		(4)
Total present value of minimum payments	$	129,122	$	138

Summary of Maturities of Finance Lease Liabilities

	Operating		Finance
	Leases		Leases
Year 1	$	9,809	$	84
Year 2		9,224		40
Year 3		9,315		18
Year 4		9,218		—
Year 5		9,063		—
Years thereafter		556,191		—
Total future minimum lease payments		602,820		142
Less amount representing interest		(473,698)		(4)
Total present value of minimum payments	$	129,122	$	138

Schedule of Remaining Lease Term and Discount Rate of Leases

Weighted-average remaining lease term:
Operating leases	43.1	years
Finance leases	2.0	years
Weighted-average discount rate:
Operating leases	7.0	%
Finance leases	2.4	%