Leases (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Quantitative Information and Other Information Related to Leases

Quantitative information related to leases for the years ended December 31, 2021, 2020 and 2019 is presented in the following table (dollars in thousands):

	For the Year Ended December 31,
	2021			2020			2019
Lease expenses ⁽¹⁾
Fixed lease expenses - operating	$	11,442		$	12,379		$	12,869
Variable lease expenses - operating		3,173			6,389			8,534
Sublease income		(1,359	)		(2,347	)		(4,179	)
Total lease expenses	$	13,256		$	16,421		$	17,224

Other information
Gross operating cash flows for operating leases ⁽²⁾	$	(18,390	)	$	(23,577	)	$	(32,827	)
Operating cash flows from subleases⁽²⁾	$	1,430		$	2,254		$	4,351

	As of December 31, 2021			As of December 31, 2020			As of December 31, 2019
Weighted average remaining lease term (in months) – operating leases		69			70			76
Weighted average discount rate – operating leases		4.9	%		4.9	%		5.1	%

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(1) Lease expense and sublease income represent the amount recorded within our consolidated statements of income. Variable lease amounts represent expenses recognized as incurred which are not included in the lease liability. Fixed lease expenses and sublease income are recorded on a straight-line basis over the lease term and therefore are not necessarily representative of cash payments during the same period.

(2) Cash flows are presented on a consolidated basis and represent cash payments for fixed and variable lease costs.

Schedule of Future Minimum Lease Payments under Operating Leases Included in Lease Liabilities for Continuing Operations

As of December 31, 2021, future minimum lease payments under operating leases which are included in lease liabilities on our consolidated balance sheet are as follows (dollars in thousands):

	Operating Leases Total

2022⁽¹⁾	$	11,504
2023		8,444
2024		7,580
2025		7,374
2026 and thereafter		17,890
Total	$	52,792
Less: imputed interest		7,843
Present value of future minimum lease payments		44,949
Less: current lease liabilities		9,400
Non-current lease liabilities	$	35,549

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(1)

Amounts provided are for liabilities remaining as of December 31, 2021.

Schedule of Future Minimum Sublease Rental Income under Operating Leases for Continuing Operations

As of December 31, 2021, future minimum sublease rental income under operating leases, which will decrease our future minimum lease payments presented above, as follows (dollars in thousands):

	Operating Subleases Total
2022⁽¹⁾	$	685
2023		330
Total	$	1,015

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(1)

Sublease receivables remaining as of December 31, 2021.