Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.23.1
LEASES (Tables)
 3 Months Ended
Mar. 31, 2023
Lessee, Operating Lease, Description [Abstract]  
Schedule of Operating Lease Costs and Other Information
Three Months Ended March 31,
(in thousands, except Other Information)
Lease Classification Financial Statement Classification 2023 2022
Short-term lease cost Cost of services provided, Sales, general, and administrative expenses $ 67  $ 26 
Operating lease cost Cost of services provided, Sales, general, and administrative expenses 26,187  24,023 
Total lease expense $ 26,254  $ 24,049 
Other Information:
Weighted-average remaining lease term - operating leases 5.0 years 5.5 years
Weighted-average discount rate - operating leases 3.73  % 3.54  %
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases $ 25,965  $ 23,758 
Schedule of Future Minimum Lease Payments
Future minimum lease payments, including assumed exercise of renewal options as of March 31, 2023 were as follows:
(in thousands)
2023 (excluding the three months ended March 31, 2023) $ 71,814 
2024 75,649 
2025 57,061 
2026 37,087 
2027 17,741 
2028 12,061 
Thereafter 39,726 
Total future minimum lease payments 311,139 
Less: Amount representing interest 32,298 
Total future minimum lease payments, net of interest $ 278,841