XML 81 R62.htm IDEA: XBRL DOCUMENT v3.22.0.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Lease, Cost
Other information related to operating leases for the years ended December 31, 2021, 2020 and 2019 follows:

(in thousands)Year ended December 31, 2021Year ended December 31, 2020Year ended December 31, 2019
Lease cost
Operating lease cost$2,827 $3,463 $3,165 
Sublease income(253)(352)(383)
Total lease cost$2,574 $3,111 $2,782 
Other information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$3,199 $3,553 $3,192 
ROU assets obtained in exchange for new operating lease liabilities1,190 7,821 505 
Reductions to ROU assets resulting from reductions to lease obligations$(2,865)$(3,084)$(2,855)
Lessee, Operating Lease, Liability, Maturity Park's operating leases had a weighted average remaining term of 6.8 years and 7.2 years at December 31, 2021 and 2020, respectively. At both December 31, 2021 and 2020, the weighted average discount rate of Park's operating leases was 2.3%.
Undiscounted cash flows included in lease liabilities at December 31, 2021 have expected contractual payments as follows:

(in thousands)December 31, 2021
2022$3,108 
20232,978 
20241,880 
20251,540 
20261,452 
Thereafter4,496 
Total undiscounted minimum lease payments$15,454 
Less: imputed interest(1,115)
Total lease liabilities$14,339