Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Lease expense included in the condensed consolidated statements of operations

The following is a summary of our lease expense included in the consolidated statement of operations (in thousands):

	For the Years Ended December 31,
	2022		2021		2020
Operating lease cost	$	14,964	$	13,203	$	11,688
Finance lease cost:
Amortization of leased assets		156		35		230
Interest on lease liabilities		40		50		113
Total lease cost	$	15,160	$	13,288	$	12,031

Other information regarding our leases is as follows (in thousands, except lease terms and discount rates):

	For the Years Ended December 31,
	2022			2021			2020
Supplemental cash flow information
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows used in operating leases	$	15,194		$	13,930		$	12,733
Operating cash flows used in finance leases	$	40		$	51		$	113
Financing cash flows used in finance leases	$	184		$	145		$	546
Non-cash items:
Operating leases obtained	$	13,547		$	43,148		$	5,342
Finance leases obtained	$	11		$	—		$	428
Weighted average remaining lease term
Operating leases	8 years			9 years			7 years
Finance leases	1 year			2 years			2 years
Weighted average discount rate
Operating leases		6.7	%		7.0	%		11.2	%
Finance leases		17.0	%		18.6	%		10.5	%

Annual future minimum lease payments as of December 31, 2022 (in thousands):

Years ending December 31,	Operating Leases			Financing Leases
2023	$	14,499		$	141
2024		15,087			4
2025		14,227			2
2026		14,048			—
2027		13,191			—
Thereafter		42,630			—
Total future minimum lease payments		113,682			147
Less: Amount representing interest		(25,347	)		(9	)
Present value of net minimum lease payments	$	88,335		$	138
Reported as of December 31, 2022
Accrued liabilities	$	9,094		$	133
Non-current operating lease liabilities		79,241			—
Other non-current liabilities		—			5
Total lease liabilities	$	88,335		$	138

As of December 31, 2022, there were no significant leases which had not yet commenced.

Schedule includes other information about leases

Other information regarding our leases is as follows (in thousands, except lease terms and discount rates):

	For the Years Ended December 31,
	2022			2021			2020
Supplemental cash flow information
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows used in operating leases	$	15,194		$	13,930		$	12,733
Operating cash flows used in finance leases	$	40		$	51		$	113
Financing cash flows used in finance leases	$	184		$	145		$	546
Non-cash items:
Operating leases obtained	$	13,547		$	43,148		$	5,342
Finance leases obtained	$	11		$	—		$	428
Weighted average remaining lease term
Operating leases	8 years			9 years			7 years
Finance leases	1 year			2 years			2 years
Weighted average discount rate
Operating leases		6.7	%		7.0	%		11.2	%
Finance leases		17.0	%		18.6	%		10.5	%

Annual future minimum lease payments

Annual future minimum lease payments as of December 31, 2022 (in thousands):

Years ending December 31,	Operating Leases			Financing Leases
2023	$	14,499		$	141
2024		15,087			4
2025		14,227			2
2026		14,048			—
2027		13,191			—
Thereafter		42,630			—
Total future minimum lease payments		113,682			147
Less: Amount representing interest		(25,347	)		(9	)
Present value of net minimum lease payments	$	88,335		$	138
Reported as of December 31, 2022
Accrued liabilities	$	9,094		$	133
Non-current operating lease liabilities		79,241			—
Other non-current liabilities		—			5
Total lease liabilities	$	88,335		$	138