Annual report pursuant to Section 13 and 15(d)

Operating Leases

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Operating Leases
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Operating Leases Operating Leases
The Company has operating leases for all of its facilities and autos. The operating lease cost, included in selling, general and administrative expense in the consolidated statements of operations, consisted of the following (in thousands):
Years Ended
December 31,
2023 2022
Operating lease cost:
Lease cost (1)
$ 30,269  $ 26,038 
Variable lease cost (2)
5,283  5,586 
Sublease income
 (976) (896)
$ 34,576  $ 30,728 
(1)Includes charges related to consolidation of office space during the year ended December 31, 2023.
(2)Primarily relates to common area maintenance, property taxes, insurance, utilities and parking.
Maturities of lease liabilities by year consisted of the following (in thousands):
December 31,
2023
2024 $ 21,795 
2025 21,085 
2026 17,156 
2027 11,971 
2028 8,740 
Thereafter 19,352 
Total future minimum lease payments 100,099 
Less imputed interest (12,356)
Present value of operating lease liabilities $ 87,743 
Other information related to the operating leases consisted of the following:
December 31,
2023 2022
Weighted average remaining operating lease term 5.40 years 4.97 years
Weighted average discount rate 4.7  % 3.9  %