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Leases (Tables) | 12 Months Ended
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Dec. 31, 2020
Leases [Abstract] |
Operating Lease Assets and Liabilities Recognized | The table below presents the operating lease assets and liabilities recognized on the consolidated balance sheets as of December 31:
(in thousands) |  | 2020 |  |  | 2019 |
Operating Lease Assets: |  |  |  |  |  |
Right-of use lease assets |  | $ | 228,749 |  |  | $ | 175,474 |
Operating Lease Liabilities: |  |  |  |  |  |  |  |
Current lease liabilities |  | $ | 33,466 |  |  | $ | 29,411 |
Non-current lease liabilities |  |  | 200,200 |  |  |  | 149,594 |
Total operating lease liabilities |  | $ | 233,666 |  |  | $ | 179,005 |
Weighted Average Remaining Lease Term and Discount Rate for Operating Leases | The weighted-average remaining lease term and weighted-average discount rate for operating leases as of December 31 are:
| 2020 |  | 2019
Weighted-average remaining lease term | 8.8 years |  | 7.2 years
Weighted-average discount rate | 6.07% |  | 6.61%
Undiscounted Future Minimum Lease Payments | The table below reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under noncancelable operating leases with terms of more than one year to the total lease liabilities recognized on the consolidated balance sheet as of December 31, 2020:
(in thousands) |  | Operating Leases |
2021 |  | $ | 46,398 |
2022 |  |  | 41,993 |
2023 |  |  | 35,423 |
2024 |  |  | 31,467 |
2025 |  |  | 26,209 |
Thereafter |  |  | 123,753 |
Total undiscounted future minimum lease payments |  |  | 305,243 |
Less: difference between undiscounted lease payments and discounted operating lease liabilities |  |  | (71,577 | )
Total operating lease liabilities |  | $ | 233,666 |
Components of Lease Expense | Components of lease expense which are included in selling, general, and administrative expenses within our consolidated statements of comprehensive income were as follows:
|  | Year ended December 31, |
(in thousands) |  | 2020 |  |  | 2019 |
Operating lease cost |  | $ | 44,854 |  |  | $ | 41,681 |
Short-term lease cost |  |  | — |  |  |  | 90 |
Variable lease cost |  |  | 5,827 |  |  |  | 5,653 |
Total lease expense |  | $ | 50,681 |  |  | $ | 47,424 |
Supplemental Cash Flow Information Related to Leases | Supplemental cash flow information related to leases is as follows:
|  | Year ended December 31, |
(In thousands) |  | 2020 |  |  | 2019 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 39,341 |  |  | $ | 40,403 |
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |  |  |  |  |
Operating leases |  | $ | 89,082 |  |  | $ | 31,888 |
Net Rental Expense Applicable to Operating Leases |
(In thousands) |  | 2018 |
Property |  |  |
Minimum |  | $ | 27,124 |
Additional rentals based on sales |  |  | 22 |
Sublease income |  |  | (130 | )
|  |  | 27,016 |
Equipment |  |  | 3,029 |
|  | $ | 30,045 |

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- Definition Tabular disclosure of lessee's weighted average remaining lease term and discount rate for operating leases. + References No definition available. + Details
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- Definition Tabular disclosure of lessee's supplemental cash flow information related to leases. + References No definition available. + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of rental expense from operating leases for each period for which an income statement is presented with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121573735&loc=d3e41499-112717 + Details
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