v3.22.4
Leases
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Leases LEASES
Lease Right-of-Use Assets and Liabilities
The Company has operating and finance lease arrangements related to its facilities, furniture and fixtures, and information technology equipment. A substantial portion of the Company’s lease arrangements are with related party entities. See Note 16 - Related Party Transactions for further information.
The Company’s operating lease agreements have remaining terms ranging from five to fifteen years. Certain lease agreements have renewal options. Total lease expense under all operating leases amounted to $12.3 million, $11.9 million and $10.9 million for the years ended December 31, 2022, 2021 and 2020, respectively. Lease expense for related party leases was $12.0 million, $11.6 million and $10.9 million for the years ended December 31, 2022, 2021 and 2020, respectively. Variable lease expense amounted to $4.5 million, $0.7 million and $0.6 million for the years ended December 31, 2022, 2021 and 2020, respectively.
The Company’s financing lease agreements have remaining terms ranging from three months to thirteen years. For the year ended December 31, 2022, total interest expense and amortization expense under finance leases amounted to $1.9 million and $17.7 million, respectively, of which $1.0 million of interest expense and $2.1 million of amortization expense was attributed to related party finance leases. For the year ended December 31, 2021, total interest expense and amortization expense under finance leases amounted to $2.2 million and $14.4 million, respectively, of which $0.9 million of interest expense and $2.0 million of amortization expense was attributed to related party finance leases. For the year ended December 31, 2020, total interest expense and amortization expense under finance leases amounted to $0.8 million and $5.2 million, respectively, all of which was attributed to third party leases.
Supplemental cash flow information related to leases is as follows (in thousands):
 December 31,
2022		December 31,
2021
Cash paid for amounts included in the measurement of operating lease liabilities – operating cash flows$12,537 $15,926 
Cash paid for amounts included in the measurement of finance lease liabilities - financing and operating cash flows19,218 15,876 
Operating lease right-of-use assets obtained in exchange for operating leases liabilities
3,984 20,134 
Financing lease right-of-use assets obtained in exchange for finance lease liabilities2,861 48,539 
Additional supplemental information related to leases is as follows:
 December 31,
2022		December 31,
2021
Weighted average remaining lease term – operating leases13.6 years14.7 years
Weighted average remaining lease term – finance leases8.8 years7.9 years
Weighted average discount rate – operating leases7.4 %7.4 %
Weighted average discount rate – finance leases3.6 %3.8 %
The maturities of the Company's operating lease liabilities are summarized below (in thousands):
December 31, 2022Amounts
2023$12,873 
202412,873 
202512,990 
202612,996 
202712,959 
Thereafter110,717 
Total lease payments175,408 
Less imputed interest(64,076)
Total$111,332 


The maturities of the Company's financing lease liabilities are summarized below (in thousands):
December 31, 2022Amounts
2023$14,146 
20246,581 
20253,057 
20262,665 
20272,668 
Thereafter21,940 
Total lease payments51,057 
Less imputed interest(7,552)
Total$43,505 
Leases LEASES
Lease Right-of-Use Assets and Liabilities
The Company has operating and finance lease arrangements related to its facilities, furniture and fixtures, and information technology equipment. A substantial portion of the Company’s lease arrangements are with related party entities. See Note 16 - Related Party Transactions for further information.
The Company’s operating lease agreements have remaining terms ranging from five to fifteen years. Certain lease agreements have renewal options. Total lease expense under all operating leases amounted to $12.3 million, $11.9 million and $10.9 million for the years ended December 31, 2022, 2021 and 2020, respectively. Lease expense for related party leases was $12.0 million, $11.6 million and $10.9 million for the years ended December 31, 2022, 2021 and 2020, respectively. Variable lease expense amounted to $4.5 million, $0.7 million and $0.6 million for the years ended December 31, 2022, 2021 and 2020, respectively.
The Company’s financing lease agreements have remaining terms ranging from three months to thirteen years. For the year ended December 31, 2022, total interest expense and amortization expense under finance leases amounted to $1.9 million and $17.7 million, respectively, of which $1.0 million of interest expense and $2.1 million of amortization expense was attributed to related party finance leases. For the year ended December 31, 2021, total interest expense and amortization expense under finance leases amounted to $2.2 million and $14.4 million, respectively, of which $0.9 million of interest expense and $2.0 million of amortization expense was attributed to related party finance leases. For the year ended December 31, 2020, total interest expense and amortization expense under finance leases amounted to $0.8 million and $5.2 million, respectively, all of which was attributed to third party leases.
Supplemental cash flow information related to leases is as follows (in thousands):
 December 31,
2022		December 31,
2021
Cash paid for amounts included in the measurement of operating lease liabilities – operating cash flows$12,537 $15,926 
Cash paid for amounts included in the measurement of finance lease liabilities - financing and operating cash flows19,218 15,876 
Operating lease right-of-use assets obtained in exchange for operating leases liabilities
3,984 20,134 
Financing lease right-of-use assets obtained in exchange for finance lease liabilities2,861 48,539 
Additional supplemental information related to leases is as follows:
 December 31,
2022		December 31,
2021
Weighted average remaining lease term – operating leases13.6 years14.7 years
Weighted average remaining lease term – finance leases8.8 years7.9 years
Weighted average discount rate – operating leases7.4 %7.4 %
Weighted average discount rate – finance leases3.6 %3.8 %
The maturities of the Company's operating lease liabilities are summarized below (in thousands):
December 31, 2022Amounts
2023$12,873 
202412,873 
202512,990 
202612,996 
202712,959 
Thereafter110,717 
Total lease payments175,408 
Less imputed interest(64,076)
Total$111,332 


The maturities of the Company's financing lease liabilities are summarized below (in thousands):
December 31, 2022Amounts
2023$14,146 
20246,581 
20253,057 
20262,665 
20272,668 
Thereafter21,940 
Total lease payments51,057 
Less imputed interest(7,552)
Total$43,505