XML 61 R42.htm IDEA: XBRL DOCUMENT v3.22.0.1
LEASES (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Summary of Lease Costs Recognized Under Topic 842 and Other Information Pertaining to Operating Leases The following table contains a summary of the lease costs recognized and other information pertaining to the Company’s operating leases for the periods indicated:

 

 

 

For the Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

Lease cost

 

 

 

 

 

 

Operating lease cost

 

$

28,737

 

 

$

18,978

 

Variable lease cost

 

 

18,742

 

 

 

17,065

 

Total lease cost

 

$

47,479

 

 

$

36,043

 

 

 

 

 

 

 

 

Other information

 

 

 

 

 

 

Operating lease payments

 

$

24,449

 

 

$

19,344

 

Operating lease liabilities arising from obtaining ROU assets

 

 

13,225

 

 

 

59,327

 

Weighted average remaining lease term

 

3.5 years

 

 

4.6 years

 

Weighted average discount rate

 

 

7.6

%

 

 

7.6

%

 

 

Summary of Maturities of Lease Liabilities and Reconciliation of Lease Liabilities Recognized Under Topic 842

The following table summarizes maturities of lease liabilities and the reconciliation of lease liabilities as of December 31, 2021:

 

 

 

For the Year Ended
December 31, 2021

 

 

 

(in thousands)

 

2022

 

$

18,702

 

2023

 

 

18,326

 

2024

 

 

17,582

 

2025

 

 

9,052

 

2026

 

 

571

 

Thereafter

 

 

 

Total minimum lease payments

 

 

64,233

 

Less: imputed interest

 

 

(7,672

)

Total operating lease liabilities

 

$

56,561

 

Included in the consolidated balance sheet:

 

 

 

Current portion of lease liabilities within other current liabilities

 

$

15,049

 

Lease liabilities

 

 

41,512

 

Total operating lease liabilities

 

$

56,561