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

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

Rent to be

(In thousands)

    

Capitalized

2022

 

$

2,999

2023

 

11,188

2024

 

11,098

2025

 

10,880

2026

 

10,177

Thereafter

 

17,671

Total undiscounted lease payments

 

64,013

Less amounts representing interest

 

(3,761)

Operating lease liabilities

$

60,252

Summary of other information related to operating leases

 

Three Months Ended

 

Nine Months Ended

September 30, 

September 30, 

(In thousands)

    

2022

    

2021

    

2022

    

2021

Operating lease cost

$

3,336

$

4,012

$

9,869

$

11,178

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

3,253

3,724

9,232

10,496

September 30, 

 

December 31, 

 

    

2022

 

2021

 

Weighted average remaining lease term

 

6.1

years

6.6

years

Weighted average discount rate

 

1.89

%

1.79

%