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Leases | 12 Months Ended
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Dec. 31, 2020
Leases [Abstract] |
Leases of Lessee Disclosure | 8. Leases The Company adopted ASC Topic 842, Leases as of January 1, 2019, using the transition method per ASU No. 2018-11 wherein entities were allowed to initially apply the new leases standard at adoption date. Adoption of ASC Topic 842 resulted in an increase to total assets and liabilities due to the recording of operating lease ROU assets and operating lease liabilities of approximately $163 million, as of January 1, 2019. The adoption did not materially impact the Company’s Consolidated Statements of Earnings or Cash Flows. See Note 1 — Basis of Presentation for further detail on ROU assets and lease liabilities. The components of lease costs were as follows:
| Year Ended December 31, 2020 |  | Year Ended December 31, 2019
Operating Lease Costs: |  |  |
Fixed | $ | 52,875 |  |  | $ | 52,317 |
Variable | 5,973 |  |  | 6,584 |
Short-term | 18,436 |  |  | 17,387 |
Total(1) | $ | 77,284 |  |  | $ | 76,288 |
(1) Finance lease cost and sublease income were immaterial. Supplemental cash flow information related to leases was as follows:
| Year Ended December 31, 2020 |  | Year Ended December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows for operating leases | $ | 53,903 |  |  | $ | 53,450 |
Operating cash flows for finance leases | 434 |  | 425 |
Financing cash flows for finance leases | 2,523 |  | 1,915 |
Total | $ | 56,860 |  |  | $ | 55,790 |
Right-of-use assets obtained in exchange for lease obligations: |  |  |
Operating leases | $ | 21,381 |  |  | $ | 41,598 |
Financing leases | 3,708 |  | 1,542 |
Total | $ | 25,089 |  |  | $ | 43,140 |
Supplemental balance sheet information related to leases were as follows:
| December 31, 2020 |  | December 31, 2019
Operating Leases |  |  |
Right-of-use assets: |  |  |
Other assets and deferred charges | $ | 170,089 |  |  | $ | 155,019 |
Lease liabilities: |  |  |
Other accrued expenses | $ | 48,834 |  |  | $ | 41,835 |
Other liabilities | 133,989 |  |  | 121,298 |
Total operating lease liabilities | $ | 182,823 |  |  | $ | 163,133 |
Finance Leases |  |  |
Right of use assets: |  |  |
Property and equipment, net (1) | $ | 10,388 |  |  | $ | 9,008 |
Lease liabilities: |  |  |
Other accrued expenses | $ | 2,641 |  |  | $ | 1,794 |
Other liabilities | 8,709 |  |  | 8,078 |
Total financing lease liabilities | $ | 11,350 |  |  | $ | 9,872 |
(1) Finance lease assets are recorded net of accumulated depreciation of $7,205 and $4,614 for the years ended December 31, 2020 and December 31, 2019, respectively. The aggregate future lease payments for operating and finance leases as of December 31, 2020 were as follows:
| Operating |  | Finance
2021 | $ | 53,019 |  |  | $ | 3,091 |
2022 | 38,561 |  |  | 2,767 |
2023 | 26,485 |  |  | 2,059 |
2024 | 21,253 |  |  | 1,550 |
2025 | 17,700 |  |  | 1,281 |
Thereafter | 42,275 |  |  | 1,991 |
Total lease payments | 199,293 |  |  | 12,739 |
Less: Interest | (16,470) |  |  | (1,389) |
Present value of lease liabilities | $ | 182,823 |  |  | $ | 11,350 |
Average lease terms and discount rates were as follows:
| December 31, 2020 |  | December 31, 2019
Weighted-average remaining lease term (years) |  |  |
Operating leases | 5.9 |  | 5.9
Finance leases | 4.8 |  | 5.9
Weighted-average discount rate |  |  |
Operating leases | 2.9% |  | 3.2%
Finance leases | 3.6% |  | 4.1%

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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
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