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LEASES (Tables)
6 Months Ended
Jun. 30, 2022
LEASES  
Summary of maturities of operating lease liabilities

Maturities of the Company’s operating lease liabilities at June 30, 2022 are as follows:

Rent to be

(In thousands)

    

Capitalized

2022

 

$

6,114

2023

 

10,914

2024

 

10,813

2025

 

10,585

2026

 

9,871

Thereafter

 

17,477

Total undiscounted lease payments

 

65,774

Less amounts representing interest

 

(3,924)

Operating lease liabilities

$

61,850

Summary of other information related to operating leases

 

Three Months Ended

 

Six Months Ended

June 30, 

June 30, 

(In thousands)

    

2022

    

2021

    

2022

    

2021

Operating lease cost

$

3,271

$

4,008

$

6,533

$

7,166

Cash paid for amounts included in the measurement of operating lease liabilities

3,055

3,722

5,979

6,772

June 30, 

 

December 31, 

 

    

2022

 

2021

 

Weighted average remaining lease term

 

6.2

years

6.6

years

Weighted average discount rate

 

1.85

%

1.79

%