Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases

Schedule of lease cost and other information

A summary of the Company’s lease cost is as follows (in thousands, except for weighted-averages):

	Year Ended December 31,
	2022			2021			2020
Lease Cost
Operating lease cost (a)(b)	$	11,377		$	11,565		$	12,085
Sublease income (a)		(2,159)			(1,999)			(1,434)
Short-term lease cost (c)		10,023			5,436			5,959
Total lease cost	$	19,241		$	15,002		$	16,610
Other information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash outflows from operating leases		9,406			9,071			8,520
Weighted-average remaining lease term in years - operating leases		5.3			6.4			7.4
Weighted-average discount rate - operating leases		6.2	%		6.3	%		6.3	%

(a) All the Company’s material leases are classified as operating leases.

(b) Includes approximately $3.6 million, $3.5 million and $3.6 million of taxes, insurance and maintenance for the years ended December 31, 2022, 2021, and 2020 respectively.

(c) Includes expenses associated with short-term leases of billboard advertisements and is included in “Marketing Funds expenses” on the Consolidated Statements of Income (Loss) for the years ended December 31, 2022, 2021 and 2020.

Schedule of maturities of lease liabilities under non-cancellable leases

Maturities under non-cancellable leases were as follows (in thousands):

	Rent Payments		Sublease Receipts		Total Cash Outflows
Year ending December 31:
2023	$	9,665		(1,951)	$	7,714
2024		9,923		(2,138)		7,785
2025		10,140		(1,220)		8,920
2026		10,230		(1,077)		9,153
2027		10,201		(1,099)		9,102
Thereafter		2,989		(372)		2,617
Total lease payments	$	53,148	$	(7,857)	$	45,291
Less: imputed interest		8,091
Present value of lease liabilities	$	45,057