| Leases |
Leases Total lease expense included in selling, general and administrative expenses in our unaudited condensed consolidated statements of income for the three months ended December 31, 2022 and 2021 is as follows (in thousands): | | | | | | | | | | | | | Three Months Ended December 31, | | 2022 | | 2021 | | Operating lease expense – fixed payments | $ | 1,259 | | | $ | 1,131 | | | Variable lease expense | 427 | | | 334 | | Short-term and other lease expense (includes $64 and $72 recorded in advertising and marketing, and $127 and $83 recorded in repairs and maintenance for the three months ended December 31, 2022 and 2021, respectively; see Note 6) | 267 | | | 330 | | | Sublease income | — | | | (2) | | | Total lease expense, net | $ | 1,953 | | | $ | 1,793 | | | | | | | Other information: | | | | | Operating cash outflows from operating leases | $ | 1,910 | | | $ | 1,749 | | | Weighted average remaining lease term – operating leases | 11.2 years | | 12.4 years | | Weighted average discount rate – operating leases | 5.6 | % | | 5.7 | % |
Future maturities of operating lease liabilities as of December 31, 2022 are as follows (in thousands): | | | | | | | | | | | | | | | | | | | Principal Payments | | Interest Payments | | Total Payments | | January - December 2023 | $ | 2,850 | | | $ | 2,060 | | | $ | 4,910 | | | January - December 2024 | 3,068 | | | 1,895 | | | 4,963 | | | January - December 2025 | 3,331 | | | 1,717 | | | 5,048 | | | January - December 2026 | 3,583 | | | 1,523 | | | 5,106 | | | January - December 2027 | 3,345 | | | 1,325 | | | 4,670 | | | Thereafter | 21,943 | | | 4,933 | | | 26,876 | | | $ | 38,120 | | | $ | 13,453 | | | $ | 51,573 | |
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