Leases (Tables)

9 Months Ended

Sep. 30, 2021

The components of lease costs in the accompanying condensed consolidated statements of operations are as follows (in thousands):


		Three Months Ended				Nine Months Ended
		September 30,				September 30,
Lease cost	Classification	2021		2020		2021		2020
Finance lease cost:
Amortization of lease assets	Depreciation (1)	$	231	$	53	$	705	$	515
Interest on lease liabilities	Interest expense	18		16		68		50
Operating lease cost	Cost of services and Selling, general and administrative expenses	25,323		29,577		80,046		89,289
Short-term and variable lease cost (2)	Cost of services and Selling, general and administrative expenses	176,605		160,365		494,846		478,683
Total lease cost		$	202,177	$	190,011	$	575,665	$	568,537

(1) Depreciation is included within “Cost of services” and “Selling, general and administrative expenses” in the accompanying condensed consolidated statements of operations.

(2) Short-term lease cost includes both leases and rentals with initial terms of one year or less. Variable lease cost is insignificant and primarily relates to real estate leases and consists of common area maintenance charges, real estate taxes, insurance and other variable costs.

Future Minimum Lease Payments - Operating Leases

Future minimum lease payments for operating and finance leases were as follows (in thousands):


	As of September 30, 2021
	Operating Leases		Finance Leases		Total
Remainder of 2021	$	23,964	$	296	$	24,260
2022	80,516		872		81,388
2023	58,265		666		58,931
2024	36,341		409		36,750
2025	24,449		126		24,575
Thereafter	36,996		—		36,996
Total future minimum operating and finance lease payments	$	260,531	$	2,369	$	262,900
Less imputed interest	(20,342)		(116)		(20,458)
Total lease liabilities	$	240,189	$	2,253	$	242,442

Future Minimum Lease Payments - Finance Leases

Future minimum lease payments for operating and finance leases were as follows (in thousands):


	As of September 30, 2021
	Operating Leases		Finance Leases		Total
Remainder of 2021	$	23,964	$	296	$	24,260
2022	80,516		872		81,388
2023	58,265		666		58,931
2024	36,341		409		36,750
2025	24,449		126		24,575
Thereafter	36,996		—		36,996
Total future minimum operating and finance lease payments	$	260,531	$	2,369	$	262,900
Less imputed interest	(20,342)		(116)		(20,458)
Total lease liabilities	$	240,189	$	2,253	$	242,442

Other Information Related to Leases

The weighted average remaining lease terms and discount rates were as follows:


	As of September 30, 2021
Weighted average remaining lease term (in years):
Operating leases	4.16
Finance leases	2.90
Weighted average discount rate:
Operating leases	3.9	%
Finance leases	3.7	%