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Leases (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Lease, Cost
Components of operating lease expense were as follows:
Year Ended December 31,
202220212020
(Dollars in thousands)
Operating lease cost 1
$8,645 $8,028 $8,193 
Sublease income(507)(156)(153)
Net lease cost$8,138 $7,872 $8,040 
1 Includes variable lease costs, which are immaterial.
Schedule of Lease Cash Flow Information Supplemental cash flow information related to leases was as follows:
Year Ended December 31,
202220212020
(Dollars in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases
$8,147 $7,598 $7,394 
Leased assets obtained in exchange for new operating lease liabilities
$6,980 $1,765 $4,050 
Schedule of Lease Terms and Discount Rates Weighted-average remaining lease term and discount rate for operating leases were as follows:
December 31, 2022December 31, 2021
Weighted-average remaining lease term (years)
4.04.5
Weighted-average discount rate
5.5%5.5%
Lessee, Operating Lease, Liability, Maturity
Maturities of operating lease liabilities were as follows:
Year Ended December 31,
(Dollars in thousands)
2023$7,127 
20247,452 
20257,367 
20266,244 
20271,051 
Thereafter
533 
Total operating lease payments 1
$29,774 
Less: Interest
(3,119)
Present value of operating lease liabilities 2
$26,655 
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1 Operating lease payments exclude $1.2 million of legally binding lease payments for leases signed but not yet commenced.
2 Homebuilding and financial services operating lease liabilities of $26.6 million and $0.1 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 section of our consolidated balance sheets at December 31, 2022.