Operating Leases

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Operating Leases

4.    Operating Leases

The Company has operating leases for all of its facilities and autos. The operating lease cost, included in selling, general and administrative expense in the consolidated statements of operations, consisted of the following (in thousands):

	Years Ended December 31,
	2022		2021
Operating lease cost:
Lease cost	$	26,038	$	26,209
Variable lease cost (1)	5,586		5,371
Sublease income (2)	(896)		(492)
	$	30,728	$	31,088

(1)Primarily relates to common area maintenance, property taxes, insurance, utilities and parking.

(2)The Company changed its policy for recording sub-lease income from recording it as a component of other income, net, to a component of selling general and administrative expense to better align sublease income with the operating costs related to leasing. Amounts related to the current and prior years were not material.

Maturities of lease liabilities by year consisted of the following (in thousands):

	December 31, 2022
2023	$	19,663
2024	19,791
2025	17,220
2026	13,446
2027	8,640
Thereafter	11,974
Total future minimum lease payments	90,734
Less imputed interest	(8,641)
Present value of operating lease liabilities	$	82,093

Other information related to the operating leases consisted of the following:

	December 31,
	2022		2021
Weighted average remaining operating lease term	4.97 years		4.57 years
Weighted average discount rate	3.9	%	2.9	%