Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Schedule of Operating Lease Balance Sheet Information

As of the dates indicated, the Company had the following related to operating leases:

	As of December 31, 2022		As of December 31, 2021
	(In thousands)
Right-of-use assets	$	57,428	$	83,821
Lease liabilities	61,209		89,296

Summary of Lease Cost

The following table is a summary of the Company’s components of net lease cost for the periods indicated:

	For the Year Ended December 31,
	2022		2021		2020
	(In thousands)
Operating lease cost	$	14,483	$	14,526	$	14,402
Finance lease cost	362		191		71
Variable lease cost	2,746		1,832		1,982
Total lease cost	$	17,591	$	16,549	$	16,455

Supplemental balance sheet information related to operating leases as of the dates indicated is as follows:

	As of December 31, 2022		As of December 31, 2021
Weighted-average remaining lease term (in years)	7.20		7.83
Weighted-average discount rate	2.63	%	2.52	%

Schedule of Future Minimum Lease Payments

The following table sets forth the undiscounted cash flows of base rent related to operating leases outstanding as of December 31, 2022 with payments scheduled over the next five years and thereafter, including a reconciliation to the operating lease liability recognized in other liabilities in the Company’s Consolidated Balance Sheets:

	As of December 31, 2022
Year	(In thousands)
2023	$	14,081
2024	11,352
2025	9,255
2026	8,061
2027	6,747
Thereafter	17,989
Total minimum lease payments	67,485
Less: amount representing interest	6,276
Present value of future minimum lease payments	$	61,209