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Leases (Tables)
 9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Lease, Cost Components of operating lease expense were as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
(Dollars in thousands)
Operating lease cost 1
$2,180 $2,018 $6,418 $5,990 
Less: Sublease income (Note 19)(141)(39)(366)(117)
Net lease cost$2,039 $1,979 $6,052 $5,873 
1Includes variable lease costs, which are immaterial.
Schedule of Lease Cash Flow Information
Supplemental cash flow information related to leases was as follows:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2022202120222021
(Dollars in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$2,038 $1,900 $6,059 $5,645 
Right of use assets obtained in exchange for new operating lease liabilities$1,689 $— $5,984 $830 
Schedule of Lease Terms and Discount Rates
Weighted-average remaining lease term and discount rate for operating leases were as follows:
September 30, 2022September 30, 2021
Weighted-average remaining lease term (in years)4.34.7
Weighted-average discount rate5.5 %5.5 %
Lessee, Operating Lease, Liability, Maturity
Maturities of operating lease liabilities were as follows:
Year Ended December 31,
(Dollars in thousands)
2022 (excluding the nine months ended September 30, 2022)$1,425 
20237,404 
20246,968 
20256,857 
20265,892 
Thereafter1,584 
Total operating lease payments 1
$30,130 
Less: Interest3,315 
Present value of operating lease liabilities 2
$26,815 
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1Operating lease payments exclude $1.2 million of legally binding lease payments for leases signed but not yet commenced.
2Homebuilding and financial services operating lease liabilities of $26.3 million and $0.5 million, respectively, are included as a component of accrued and other liabilities and accounts payable and accrued liabilities, respectively, in the homebuilding and financial services sections of our consolidated balance sheet at September 30, 2022.