Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.22.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Summary of Operating Lease Information
The table below summarizes the Company's operating lease portfolio (in thousands):
December 31, 2022 December 31, 2021
Right-of-use assets $ 43,203 $ 62,528
Lease liabilities 57,460 65,518
Weighted average remaining lease term (in years) 6.67 6.47
Weighted average discount rate 6.11  % 6.27  %
Summary of Lease Cost and Other Information
The table below summarizes the Company's net operating lease cost (in thousands):
For the year ended December 31, 2022 For the nine months ended December 31, 2021 For the three months ended March 31, 2021 For the year ended December 31, 2020
Successor Predecessor
Operating lease cost $ 21,277  $ 17,297  $ 5,490  $ 21,734 
Short-term lease cost 3,078  2,963  1,035  5,167 
  Total operating and short-term lease cost 24,355  20,260  6,525  26,901 
Variable lease cost 3,463  3,960  1,808  3,734 
Sublease income (1,243) (1,252) (464) (2,769)
Net lease cost $ 26,575  $ 22,968  $ 7,869  $ 27,866 

The table below summarizes other information related to the Company’s operating leases (in thousands):
For the year ended December 31, 2022 For the nine months ended December 31, 2021 For the three months ended March 31, 2021 For the year ended December 31, 2020
Successor Predecessor
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases $ 20,163  $ 15,644  $ 5,423  $ 24,042 
Leased assets obtained in exchange for new operating lease liabilities 17,197  31,819  701  7,271 
Maturity Analysis of Operating Leases
The following table presents a maturity analysis of operating leases and a reconciliation of the undiscounted cash flows to lease liabilities as of December 31, 2022 (in thousands):
2023 $ 16,434 
2024 12,513 
2025 8,497 
2026 6,422 
2027 5,290 
Thereafter 21,831 
Total undiscounted lease payments 70,987 
Less: amounts representing interest (13,527)
Total lease liabilities $ 57,460