XML 37 R24.htm IDEA: XBRL DOCUMENT v3.22.0.1
Leases
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Leases LEASES
We determine if a contract is a lease at inception. We have leases for office space and facilities, automobiles and certain information technology equipment. All of our leases are classified as operating leases and the majority of which are for office space and facilities.
Supplemental balance sheet information related to the Company’s operating leases as of December 31, 2021 and 2020 was as follows (in thousands):
 December 31, 2021December 31, 2020
Weighted-average remaining lease term6.4 years6.7 years
Weighted-average discount rate3.54 %3.6 %
The components of lease cost and other lease information as of and during the year ended December 31, 2021 and 2020 are as follows (in thousands):
 December 31, 2021December 31, 2020
Operating lease cost$35,584 $34,781 
Cash paid for amounts included in measurement of lease liabilities
Operating cash flows for operating leases$38,042 $35,426 
Our leases have remaining lease terms ranging from 1 to 10 years. These leases generally contain renewal options for periods ranging from two to five years. Because the Company is not reasonably certain to exercise these renewal options, the options are not included in the lease term, and associated potential option payments are excluded from lease payments. 
Maturities of operating lease liabilities at December 31, 2021 and minimum cash commitments under operating leases at December 31, 2020 were as follows (in thousands):
 December 31, 2021
2022$36,202 
202333,490 
202429,153 
202527,779 
202623,213 
Thereafter50,311 
Total undiscounted lease payments200,148 
Less: imputed interest(23,754)
Total lease liabilities$176,394 
 December 31, 2020
2021$36,270 
202230,354 
202327,709 
202424,401 
202522,662 
Thereafter52,432 
Total undiscounted lease payments193,828 
Less: imputed interest(21,325)
Total lease liabilities$172,503