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Leases
 6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Leases Leases
Following is a summary of the weighted average remaining lease term and the weighted average discount rate for the Company’s leases:

June 30, 2023December 31, 2022
Weighted average remaining lease term:
Operating leases6.9 years7.2 years
Financing leases3.9 years4.3 years
Weighted average discount rate:
Operating leases3.7 %3.6 %
Financing leases5.2 %5.2 %

Following is a summary of the Company’s leases within the condensed consolidated statements of operations:

Second QuarterFirst Half
(in thousands)2023202220232022
Operating lease costs$8,305 $7,336 $16,578 $14,639 
Short-term and variable leases4,026 3,695 7,791 7,275 
Depreciation expense from financing leases411 412 822 1,492 
Interest expense on financing lease obligations116 144 237 614 
Total lease cost$12,858 $11,587 $25,428 $24,020 
The future minimum lease payments related to the Company’s leases include renewal options the Company has determined to be reasonably certain and exclude payments to landlords for real estate taxes and common area maintenance. Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of June 30, 2023:

(in thousands)Operating LeasesFinancing Leases
Remainder of 2023$15,853 $1,383 
202428,215 2,808 
202522,249 2,869 
202619,377 1,233 
202717,487 338 
Thereafter51,741 965 
Total minimum lease payments including interest$154,922 $9,596 
Less:  Amounts representing interest19,982 904 
Present value of minimum lease principal payments134,940 8,692 
Less:  Current portion of lease liabilities26,440 2,393 
Noncurrent portion of lease liabilities$108,500 $6,299 

Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of December 31, 2022:

(in thousands)Operating LeasesFinancing Leases
2023$31,697 $2,750 
202427,663 2,808 
202521,628 2,869 
202619,036 1,233 
202717,227 338 
Thereafter51,372 966 
Total minimum lease payments including interest$168,623 $10,964 
Less:  Amounts representing interest22,225 1,142 
Present value of minimum lease principal payments146,398 9,822 
Less:  Current portion of lease liabilities27,635 2,303 
Noncurrent portion of lease liabilities$118,763 $7,519 

Following is a summary of the Company’s leases within the condensed consolidated statements of cash flows:

First Half
(in thousands)20232022
Cash flows from operating activities impact:
Operating leases$16,209 $14,056 
Interest payments on financing lease obligations237 614 
Total cash flows from operating activities impact$16,446 $14,670 
Cash flows from financing activities impact:
Principal payments on financing lease obligations$1,130 $1,904 
Total cash flows from financing activities impact$1,130 $1,904 
Leases Leases
Following is a summary of the weighted average remaining lease term and the weighted average discount rate for the Company’s leases:

June 30, 2023December 31, 2022
Weighted average remaining lease term:
Operating leases6.9 years7.2 years
Financing leases3.9 years4.3 years
Weighted average discount rate:
Operating leases3.7 %3.6 %
Financing leases5.2 %5.2 %

Following is a summary of the Company’s leases within the condensed consolidated statements of operations:

Second QuarterFirst Half
(in thousands)2023202220232022
Operating lease costs$8,305 $7,336 $16,578 $14,639 
Short-term and variable leases4,026 3,695 7,791 7,275 
Depreciation expense from financing leases411 412 822 1,492 
Interest expense on financing lease obligations116 144 237 614 
Total lease cost$12,858 $11,587 $25,428 $24,020 
The future minimum lease payments related to the Company’s leases include renewal options the Company has determined to be reasonably certain and exclude payments to landlords for real estate taxes and common area maintenance. Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of June 30, 2023:

(in thousands)Operating LeasesFinancing Leases
Remainder of 2023$15,853 $1,383 
202428,215 2,808 
202522,249 2,869 
202619,377 1,233 
202717,487 338 
Thereafter51,741 965 
Total minimum lease payments including interest$154,922 $9,596 
Less:  Amounts representing interest19,982 904 
Present value of minimum lease principal payments134,940 8,692 
Less:  Current portion of lease liabilities26,440 2,393 
Noncurrent portion of lease liabilities$108,500 $6,299 

Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of December 31, 2022:

(in thousands)Operating LeasesFinancing Leases
2023$31,697 $2,750 
202427,663 2,808 
202521,628 2,869 
202619,036 1,233 
202717,227 338 
Thereafter51,372 966 
Total minimum lease payments including interest$168,623 $10,964 
Less:  Amounts representing interest22,225 1,142 
Present value of minimum lease principal payments146,398 9,822 
Less:  Current portion of lease liabilities27,635 2,303 
Noncurrent portion of lease liabilities$118,763 $7,519 

Following is a summary of the Company’s leases within the condensed consolidated statements of cash flows:

First Half
(in thousands)20232022
Cash flows from operating activities impact:
Operating leases$16,209 $14,056 
Interest payments on financing lease obligations237 614 
Total cash flows from operating activities impact$16,446 $14,670 
Cash flows from financing activities impact:
Principal payments on financing lease obligations$1,130 $1,904 
Total cash flows from financing activities impact$1,130 $1,904