Leases Leases (Notes)

9 Months Ended

Sep. 30, 2021

Leases [Abstract]

Lessee, Operating Leases

LeasesThe Company leases certain equipment and facilities under non-cancelable operating leases. Leases with an initial term of 12 months or less are not recorded on the balance sheet; expense related to these leases is recognized on a straight-line basis over the lease term.

The components of lease expense are as follows (dollars in thousands):

	Three months ended September 30,				Nine months ended September 30,
	2021		2020		2021		2020
Operating lease cost	$	2,090	$	2,110	$	6,370	$	5,780
Short-term, variable and other lease costs	1,140		410		2,000		990
Total lease cost	$	3,230	$	2,520	$	8,370	$	6,770

Maturities of lease liabilities are as follows (dollars in thousands):

Year ended December 31,	Operating Leases(a)
2021 (excluding the nine months ended September, 2021)	$	2,060
2022	7,990
2023	7,160
2024	6,160
2025	4,840
Thereafter	15,740
Total lease payments	43,950
Less: Imputed interest	(5,490)
Present value of lease liabilities	$	38,460

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(a)     The maturity table excludes cash flows associated with exited lease facilities. Liabilities for exited lease facilities are included in accrued liabilities and other long-term liabilities in the accompanying consolidated balance sheet.

The weighted-average remaining lease term of the Company's operating leases as of September 30, 2021 is approximately 6.5 years. The weighted-average discount rate as of September 30, 2021 is approximately 4.1%.

Cash paid for amounts included in the measurement of operating lease liabilities was approximately $6.2 million and $5.4 million during the nine months ended September 30, 2021 and 2020, respectively, and is included in cash flows provided by operating activities in the consolidated statement of cash flows.

Right-of-use assets obtained in exchange for lease liabilities were approximately $6.2 million and $10.5 million during the nine months ended September 30, 2021 and 2020, respectively.