Leases (Tables)

9 Months Ended

Sep. 30, 2020

The components of lease cost recognized within the Company’s condensed consolidated statements of operations were as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Operating lease cost⁽¹⁾	$	4,252	$	3,885	$	12,322	$	9,715
Variable lease cost⁽²⁾		—		126		—		136
Short-term lease cost		867		564		2,763		2,148

1)	Includes non-cash lease expense of $3.4 million and $3.1 million for the three months ended September 30, 2020 and 2019, respectively, and $10.0 million and $7.6 million for the nine months ended September 30, 2020 and 2019, respectively.

2)	Primarily related to Consumer Price Index adjustments, common area maintenance and property tax.

Supplemental cash flow information and non-cash activity related to the Company’s operating leases are as follows (in thousands):

	Nine Months Ended September 30,
	2020		2019
Cash paid for amounts included in measurement of lease liabilities	$	10,622	$	6,077
Operating lease assets obtained in exchange for new lease liabilities		11,581		14,618

Maturities of lease liabilities by fiscal year for the Company’s operating leases are as follows (in thousands):

	Amount
Remainder of 2020	$	4,421
2021		17,627
2022		17,410
2023		15,291
2024		2,572
2025 and beyond		15,512
Total lease payments	$	72,833
Less: imputed interest		(8,100	)
Present value of lease liabilities	$	64,733

Weighted average remaining lease term and discount rate for the Company’s operating leases are as follows:

September 30,

2020

December 31,

2019

Weighted-average remaining lease term (years)

4.8

4.0

Weighted-average discount rate

4.75

4.98