XML 40 R29.htm IDEA: XBRL DOCUMENT v3.22.2.2
LEASES (Tables)
 9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Schedule of Lease Expense, Remaining Lease Terms, Discount Rate and Other Information
Information regarding lease expense, remaining lease term, discount rate, and other select lease information is presented below as of September 30, 2022, and for the three and nine months ended September 30, 2022 and 2021, is as follows (dollars in thousands):

Three Months Ended September 30,Nine Months Ended September 30,
Lease Costs2022202120222021
Operating lease expense$23,342 $21,220 $68,069 $64,241 
Short-term lease expense1,743 2,871 5,340 5,934 
Total lease expense$25,085 $24,091 $73,409 $70,175 
Nine Months Ended September 30,
Other Lease Information20222021
Operating cash flows from operating leases$67,939 $70,997 
Right-of-use lease assets obtained in exchange for new lease liabilities122,869 38,028 
Lease Term and Discount RateAs of September 30, 2022
Weighted average remaining lease term (in years)(1)
6.5
Weighted average discount rate3.2 %
____________________________________________
(1) The weighted average remaining lease term is significantly impacted by a 15-year lease related to office space in Chicago, IL, which commenced in 2018. Excluding this lease, the weighted average remaining lease term of our agreements is 5.3 years.
Schedule of Maturity of Lease Liabilities The maturities of lease liabilities as of September 30, 2022, were as follows (in thousands):
Maturity of Lease LiabilitiesOperating Leases
Remaining 2022$15,277 
202387,027 
202468,559 
202555,424 
202645,347 
Thereafter137,715 
Total lease payments409,349 
Less: Interest(45,022)
Present value of lease liabilities$364,327