Leases (Tables)

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Supplemental Information Related to Leases

Supplemental information related to leases is presented in the table below (in thousands, except weighted-average term and discount rate):

	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022		2021
Operating lease cost	$	2,592		$	2,357		$	5,065	$	4,695
Cash paid for amounts included in the measurement of operating lease liabilities	3,125			2,905			6,100		5,677
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities	3,930			791			5,712		1,015
	June 30, 2022			December 31, 2021
Weighted-average remaining lease term — operating leases	3.8 years			4.2 years
Weighted-average discount rate — operating leases	3.6		%	3.6		%

Maturities of Lease Liabilities

Maturities of lease liabilities are as follows (in thousands):

Year Ended December 31,	Operating Leases(1)
Remainder of 2022	$	6,525
2023	12,927
2024	11,567
2025	9,310
2026	5,112
2027 and thereafter	1,017
Total lease payments	46,458
Less: imputed interest(2)	3,057
Present value of lease liabilities	$	43,401

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(1)Operating lease payments exclude $6.4 million of legally binding minimum lease payments for leases executed but not yet commenced and includes $1.0 million for options to extend lease terms that were reasonably certain of being exercised.

(2)Imputed interest was calculated using the incremental borrowing rate applicable for each lease.