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Operating Leases (Tables)
6 Months Ended
Jun. 30, 2023
Lessee Disclosure [Abstract]  
Schedule of Net Lease Cost

The table below summarizes our net lease cost for the three and six months ended June 30, 2023 and 2022 (in thousands):

 

 

Three Months Ended June 30,

 

 

 

2023

 

 

2022

 

Operating lease cost

 

$

26,349

 

 

$

26,322

 

Short-term lease cost

 

 

385

 

 

 

379

 

Variable lease cost

 

 

6,990

 

 

 

5,712

 

Sublease income

 

 

(273

)

 

 

(580

)

Net lease cost

 

$

33,451

 

 

$

31,833

 

 

 

 

Six Months Ended June 30,

 

 

 

2023

 

 

2022

 

Operating lease cost

 

$

52,778

 

 

$

53,452

 

Short-term lease cost

 

 

715

 

 

 

597

 

Variable lease cost

 

 

13,945

 

 

 

11,023

 

Sublease income

 

 

(562

)

 

 

(1,195

)

Net lease cost

 

$

66,876

 

 

$

63,877

 

Operating lease costs are included in occupancy and equipment rental in the consolidated statements of operations.

The table below summarizes other information related to our operating leases as of and for the six months ended June 30, 2023 (in thousands):

Operating lease cash flows

 

$

54,897

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

$

12,421

 

Weighted-average remaining lease term (years)

 

 

10.9

 

Weighted-average discount rate

 

 

4.11

%

Schedule of Information About Operating Lease Liabilities

The table below presents information about operating lease liabilities as of June 30, 2023, (in thousands, except percentages).

Remainder of 2023

 

$

52,579

 

2024

 

 

103,927

 

2025

 

 

98,246

 

2026

 

 

98,384

 

2027

 

 

96,638

 

Thereafter

 

 

530,983

 

Total undiscounted lease payments

 

 

980,757

 

Imputed interest

 

 

(202,377

)

Total operating lease liabilities

 

$

778,380