Annual report pursuant to Section 13 and 15(d)

Operating Leases (Tables)

v3.22.0.1
Operating Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Schedule of Operating Lease Cost, Included in Selling, General and Administrative Expense
The operating lease cost, included in selling, general and administrative expense in the consolidated statement of net and comprehensive income, consisted of the following (in thousands):
 
  
Years Ended
December 31,
 
 
  
2021
 
  
2020
 
Operating lease cost:
  
     
  
     
Lease cost 
   $ 26,209      $ 25,508  
Variable lease cost
(
1
)
     5,371        5,438  
Sublease income
     (492      (246
    
 
 
    
 
 
 
     $ 31,088      $ 30,700  
    
 
 
    
 
 
 
Maturities of lease liabilities
Maturities of lease liabilities by year consisted of the following (in thousands):
 
    
December 31,
2021
 
2022
   $  20,901  
2023
     17,728  
2024
     15,224  
2025
     12,814  
2026
     9,335  
Thereafter
     6,738  
    
 
 
 
Total future minimum lease payments
     82,740  
Less imputed interest
     (5,433
    
 
 
 
Present value of operating lease liabilities
   $  77,307  
    
 
 
 
Schedule of Supplemental Cash Flow Information and Noncash Activity Related to Operating Leases
Supplemental cash flow information and noncash activity related to the operating leases consisted of the following (in thousands):

 
 
  
Years Ended
December 31,
 
 
  
2021
 
  
2020
 
Operating cash flow information:
  
     
  
     
Cash paid for amounts included in the measurement of operating lease
 
liabilities
   $
 
23,662      $
 
21,131  
Noncash activity:
                 
ROU assets obtained in exchange for operating lease liabilities
   $ 19,981      $ 16,293  
Tenant improvements owned by lessor related to ROU assets
(1)
   $ 1,266      $ 971  
 
(1)
Reclassification from other assets current.
Schedule of Other Information Related to Operating Leases
Other information related to the operating leases consisted of the following:
 
 
  
December 31,
 
 
  
2021
 
 
2020
 
Weighted average remaining operating lease term
     4.57 years       4.70 years  
Weighted average discount rate
     2.9     3.1