Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.22.2.2
Leases (Tables)
 9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Summary of Operating Lease Information
The table below summarizes the Company's operating lease portfolio (in thousands):
September 30, 2022 December 31, 2021
Right-of-use assets $ 59,295 $ 62,528
Lease liabilities 63,587 65,518
Weighted average remaining lease term (in years) 6.48 6.47
Weighted average discount rate 6.03  % 6.27  %
Summary of Lease Cost and Other Information
The table below summarizes the Company's net operating lease cost (in thousands):
For the three months ended September 30, 2022 For the nine months ended September 30, 2022 For the three months ended September 30, 2021 For the six months ended September 30, 2021 For the three months ended March 31, 2021
Successor Predecessor
Operating lease cost $ 5,244  $ 16,469  $ 5,894  $ 11,419  $ 5,490 
Short-term lease cost 790  2,485  1,823  2,629  1,035 
  Total operating and short term lease cost 6,034  18,954  7,717  14,048  6,525 
Variable lease cost 763  2,818  732  2,747  1,808 
Sublease income (309) (1,001) (421) (855) (464)
Net lease cost $ 6,488  $ 20,771  $ 8,028  $ 15,940  $ 7,869 

The table below summarizes other information related to the Company’s operating leases (in thousands):
For the nine months ended September 30, 2022 For the six months ended September 30, 2021 For the three months ended March 31, 2021
Successor Predecessor
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases $ 15,109  $ 10,393  $ 5,423 
Leased assets obtained in exchange for new operating lease liabilities 19,312  23,783  701 
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 September 30, 2022 (in thousands):
Remainder of 2022 $ 4,945 
2023 18,202 
2024 13,525 
2025 8,799 
2026 6,462 
2027 5,294 
Thereafter 21,847 
Total undiscounted lease payments 79,074 
Less: amounts representing interest (15,487)
Total lease liabilities $ 63,587