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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Balance Sheet and Other Supplemental Operating Lease Information
Operating right-of-use assets are included in ‘Other assets’ on the Consolidated Balance Sheets. Operating lease liabilities are included in ‘Other current liabilities’ and ‘Other noncurrent liabilities’, respectively, on the Consolidated Balance Sheets as follows (in thousands):
December 31,
20222021
Operating lease right-of-use assets$40,640 $55,617 
Operating lease liabilities, current$22,153 $27,156 
Operating lease liabilities, noncurrent33,996 53,708 
Total operating lease liabilities$56,149 $80,864 
Other supplemental operating lease information consists of the following:
December 31,
20222021
Operating leases:
Weighted average remaining lease term3.3 years3.9 years
Weighted average discount rate3.08 %3.48 %
Components of Lease Expense and Supplemental Cash Flow Information
The components of lease expense are as follows (in thousands):
Year ended December 31,
20222021
Operating lease cost$17,656 $31,396 
Short-term lease cost (1)
1,127 2,754 
Total lease cost$18,783 $34,150 
(1)The Company made an election to account for a short-term lease payments on a straight-line basis over the term of the lease.
Maturities of Operating Lease Liabilities
As of December 31, 2022, maturities of operating lease liabilities were as follows (in thousands):
2023$23,000 
202417,453 
20258,527 
20265,470 
20272,443 
Thereafter2,445 
Total lease payments$59,338 
Less: Imputed interest3,189 
Present value of operating lease liabilities$56,149