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Leases (Tables)

3 Months Ended

Mar. 31, 2022

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


		Three Months Ended
		March 31,
Lease cost	Classification	2022		2021
Finance lease cost:
Amortization of lease assets	Depreciation (1)	$	440	$	244
Interest on lease liabilities	Interest and other financing expenses	27		27
Operating lease cost	Cost of services and Selling, general and administrative expenses	24,877		27,776
Short-term and variable lease cost (2)	Cost of services and Selling, general and administrative expenses	219,299		157,899
Total lease cost		$	244,643	$	185,946

(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.

Future Minimum Lease Payments - Operating Leases

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


	As of March 31, 2022
	Operating Leases		Finance Leases		Total
Remainder of 2022	$	65,288	$	1,056	$	66,344
2023	68,263		1,165		69,428
2024	47,616		682		48,298
2025	34,187		363		34,550
2026	23,408		235		23,643
Thereafter	28,401		7		28,408
Total future minimum operating and finance lease payments	267,163		3,508		270,671
Less imputed interest	(19,833)		(167)		(20,000)
Total lease liabilities	$	247,330	$	3,341	$	250,671

Future Minimum Lease Payments - Finance Leases

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


	As of March 31, 2022
	Operating Leases		Finance Leases		Total
Remainder of 2022	$	65,288	$	1,056	$	66,344
2023	68,263		1,165		69,428
2024	47,616		682		48,298
2025	34,187		363		34,550
2026	23,408		235		23,643
Thereafter	28,401		7		28,408
Total future minimum operating and finance lease payments	267,163		3,508		270,671
Less imputed interest	(19,833)		(167)		(20,000)
Total lease liabilities	$	247,330	$	3,341	$	250,671

Other Information Related to Leases

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


	As of March 31, 2022
Weighted average remaining lease term (in years):
Operating leases	4.31
Finance leases	3.11
Weighted average discount rate:
Operating leases	3.6	%
Finance leases	3.2	%