Leases Leases (Notes)

9 Months Ended

Sep. 30, 2022

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,
	2022		2021		2022		2021
Operating lease cost	$	2,590	$	2,090	$	7,920	$	6,370
Short-term, variable and other lease costs	950		1,140		2,370		2,000
Total lease cost	$	3,540	$	3,230	$	10,290	$	8,370

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

Year ended December 31,	Operating Leases(a)
2022 (excluding the nine months ended September 30, 2022)	$	2,560
2023	9,890
2024	9,080
2025	7,790
2026	7,680
Thereafter	20,730
Total lease payments	57,730
Less: Imputed interest	(6,670)
Present value of lease liabilities	$	51,060

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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, 2022 is 6.8 years. The weighted-average discount rate as of September 30, 2022 is 3.7%.

Cash paid for amounts included in the measurement of operating lease liabilities was $7.4 million and $6.2 million during the nine months ended September 30, 2022 and 2021, respectively, and is included in cash flows provided by operating activities in the accompanying consolidated statement of cash flows.

Right-of-use assets obtained in exchange for lease liabilities were $5.7 million and $6.2 million during the nine months ended September 30, 2022 and 2021, respectively.