Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.22.2
Commitments and Contingencies (Tables)
 6 Months Ended
Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]  
Summary of Lease Cost
The following is a summary of the Company’s leases as of June 30, 2022 (dollar amounts in thousands):
Right-of-use assets, included in Other assets $ 16,116 
Lease Liabilities, included in Other liabilities $ 18,318 
Weighted-average remaining lease term (in years) 4.7
Weighted-average discount rate 4.19  %
The components of lease expense included in general and administrative in the condensed consolidated and combined statements of operations for the three and six months ended June 30, 2022 are as follows (in thousands):
Three Months Ended June 30, 2022 Six Months Ended June 30, 2022
Operating lease costs $ 1,056  $ 2,121 
Variable lease costs 70  102 
Total lease costs, included in general and administrative expenses $ 1,126  $ 2,223 
Cash paid for amounts included in the measurement of operating lease liabilities $ 894  $ 2,061 
Summary of Maturities of Operating Lease Liabilities
As of June 30, 2022, the maturities of operating lease liabilities were as follows (in thousands):
Remainder of 2022 $ 2,262 
2023 5,009 
2024 4,029 
2025 3,120 
2026 3,061 
Thereafter 2,738 
Total lease liabilities 20,219 
Less: Imputed interest (1,901)
Total operating lease liabilities $ 18,318